Hong Kong Pushes Ahead with Plans for Retail Crypto Buying and selling

Supply: iStock/Onfokus 

In a push towards reclaiming its place as a world crypto hub, Hong Kong has defined plans to permit retail buyers to business sure virtual currencies on approved exchanges. 

On Monday, Hong Kong’s Securities and Futures Fee (SFC) revealed a session paper on its proposed regulatory regime for crypto buying and selling platforms. The brand new laws are set to return into impact beginning in June and would require all crypto platforms to be approved through the SFC.

The regulator additionally mentioned that retail buyers can be allowed to business sure “large-cap tokens” on approved exchanges, for the

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