Hong Kong to explore legalizing retail crypto trades in reversal of previous proposal

Hong Kong to explore legalizing retail crypto trades in reversal of previous proposal

2 years ago
Anonymous $_PGtSJbg8h

https://techcrunch.com/2022/10/31/hong-kong-to-explore-legalizing-retail-crypto-trades-in-reversal-of-previous-proposal/

Hong Kong has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds and plans to conduct pilots in NFT issuance and CBDC as it looks to regain its status as a global financial hub.

The city had last year proposed limiting crypto trade to professional investors, a move that saw many crypto entrepreneurs shift base to friendlier jurisdictions such as Dubai and Singapore.