Hong Kong plans to legalize retail crypto trading to become hub


Hong Kong has actually been trying to frame an all-encompassing crypto regime going beyond retail token trading. — Photo by André François McKenzie on Unsplash

Hong Kong is pivoting toward a friendlier regulatory regime for cryptocurrencies with a plan to legalize retail trading, contrasting with the city’s skeptical stance of recent years and the ban in place in mainland China.

A planned mandatory licensing program for crypto platforms set to be enforced in March next year will allow retail trading, according to people familiar with the matter, who asked not to be named because the information isn’t public.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

How tech created a ‘recipe for loneliness’
How data shared in the cloud is aiding snow removal
Trump appoints Bo Hines to presidential council on digital assets
Do you have a friend in AI?
Japan's antitrust watchdog to find Google violated law in search case, Nikkei reports
Is tech industry already on cusp of artificial intelligence slowdown?
What does watching all those videos do to kids' brains?
How the Swedish Dungeons & Dragons inspired 'Helldivers 2'
'The Mind Twisting Quadroids' review: Help needed conquering the galaxy
Albania bans TikTok for a year after killing of teenager

Others Also Read