Hong Kong will allow individual investors to buy and sell cryptocurrencies.
Known for its close attitude to cryptocurrencies, Hong Kong draws attention with a new move. According to a report by Bloomberg, Hong Kong’s regulator will make statements on crypto today. It is thought that the Hong Kong Securities and Futures Commission (SEC) will allow retail investors to trade crypto today.
Hong Kong Greenlights Cryptocurrency Trading
According to a report by Bloomberg, Hong Kong will allow individual investors to trade many cryptocurrencies, especially Bitcoin and Ethereum.
Progressing confidently in crypto, Hong Kong aims to turn the city-state into a crypto hub. The city-state, which gained popularity with many studies, began to attract the attention of crypto investors. A report from Bloomberg leaked to the broadcast early in the morning. Bloomberg stated that Hong Kong is preparing to give crypto endorsement to retail investors.
The crypto approach, which started as an Asian frenzy, seems to have a great impact in Hong Kong by coming to the level of investors. Hong Kong’s regulator will reduce cryptocurrency trading to individual investors within the necessary rules and safeguards.
In addition, Bloomberg, based on its sources, stated that Hong Kong will begin its licensing strategy for virtual asset platforms on June 1.
14406
