HK to release new retail crypto trade rules

by The Manila Times

May 29, 2023 12:04 am

HONG KONG: Retail investors in Hong Kong may soon be able to buy popular cryptocurrencies like bitcoin at government-licensed exchanges, thanks to new rules meant to bolster the city's standing as a digital asset hub.

Global crypto markets have yet to recover from a string of high-profile failures in recent months, including the spectacular downfall of trading platform FTX and crypto-friendly US banks Signature and Silvergate.

EMBRACING CRYPTO This photo taken on Saturday, May 27, 2023, shows customers in a cryptocurrency exchange office in Hong Kong. Retail investors in Hong Kong may soon be able to buy popular cryptocurrencies like bitcoin at government-licensed exchanges, thanks to new rules meant to bolster the city’s standing as a digital asset hub. AFP PHOTO

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