Hong Kong plans to let retail sector trade larger crypto tokens like Bitcoin

02/20 09:08

Hong Kong outlined a plan to let retail investors trade digital tokens like Bitcoin and Ether, taking a major step toward its goal of becoming a crypto hub in a policy shift that contrasts with a crackdown in the US. Individual investors would be allowed to trade larger coins on exchanges licensed by the Securities and Futures Commission, providing safeguards such as knowledge tests, risk profiles and reasonable limits on exposure are put in place, the regulator said in a consultation paper on Monday. The comment period for the document, which closes on March 31, aims to allow retail trading under the new licensing regime for cryptocurrency exchanges on June 1. Bitcoin and ethereum, two of the largest digital assets by market capitalization, may be listed on trading platforms in Hong Kong, a spokesman for the Securities Regulatory Commission said in a briefing.
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