Hong Kong may allow retail investors to trade digital assets

Hong Kong may allow retail investors to trade digital assets

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by dapp_writer005

4 years ago

The Hong Kong Securities and Futures Commission (SFC) wants to make the state the cryptocurrency center of Asia and attract as many cryptocurrency investors to the region as possible.

Elizabeth Wong, an employee of the SFC, spoke about the plans of the commission that regulates cryptocurrencies. Hong Kong is going to submit its own bill, which will be different from China's cryptocurrency regulation law. This will show that Hong Kong is distant from the mainland.

At the moment, the possibility of allowing retail investors to invest in cryptocurrency directly is being considered. Over the past 4 years, Hong Kong has heavily restricted the trading of digital currencies on CEX exchanges for large investors. Trading conditions for retail investors have also changed.

Today, the rules that allow retail investors to invest in ETFs are being reviewed by the commission. The main goal of these changes - to attract a large number of users who will invest and create startups in the region. Apparently, amendments to cryptocurrency laws should strengthen Hong Kong's position in the international market.

Earlier, news appeared that China proposed to introduce a single Asian cryptocurrency.

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