Hong Kong consults on allowing retail crypto trading
Officials hope to improve city’s appeal to tech investors as Singapore proposes tougher crypto regulation
Hong Kong’s government is holding a consultation on allowing retail investors to trade in cryptocurrencies and exchange-traded funds based on them.
The Securities and Futures Commission (SFC) will examine giving retail investors a “suitable degree of access to virtual assets”, the authorities said on October 31. The move contrasts with a paper published last week by Singapore’s authorities, which proposed tighter regulation of stablecoins and retail crypto transactions.
The announcement came
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