Hong Kong Lets Retail Investors Trade Crypto in New Rules
- Retail investors can trade larger tokens in regime from June 1
- City’s push for a crypto hub contrasts with Asian clampdowns
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Hong Kong said retail investors can trade crypto under its new rulebook for the sector, stepping up a drive to develop a digital-asset hub even as the industry and regulators clash elsewhere in Asia.
The city’s Securities and Futures Commission on Tuesday detailed the conclusions of a consultation on retail participation. The agency stuck with a plan to let individual investors buy and sell bigger tokens like Bitcoin and Ether starting June 1 when a new licensing regime for virtual-asset platforms begins.