Hong Kongto have more say in the crypto industry He took a big step towards cryptocurrency trading.
The cryptocurrency industry has started the new year pretty quickly. FTX in the past year and terra While the wounds of the crises were healed, a serious increase was observed in the pressure of the regulators on the sector. Especially from the USA Regulators are working hard to quickly regulate cryptocurrencies. In the middle of all these processes hong Kongto become an interesting hub in the crypto industry. took a big step towards crypto trading.
Hong Kong Solidifies Its Planning For Crypto Trading
Hong KongThe regulator has taken a step towards crypto trading by retail investors in a consultation report it has published.
According to this consultation report, individual investors, Securities and Futures CommissionIn the light of necessary precautions and conditions, on exchanges licensed by they will be able to trade with larger coins.
Hong Kongthis consultation on Expires on March 31 . The purpose of this consultation is to On June 1, the new licensing for crypto exchanges will be to allow retail trading.An expert on the subject, the two largest cryptocurrencies by market capitalization Bitcoin and Ethereumby Hong Kong platforms stated that it is likely to be listed.
Hong Kong , has taken various steps in the past year to have a reputation and a say in cryptocurrencies and blockchain. As part of these efforts, it takes an approach that will protect investors and care about cryptocurrency trading.
Hong KongThe regulator made it a condition that measures such as knowledge tests, risk profiles and reasonable limits on risk exposure should be taken in transactions with large coins.
In addition, the regulator did not disclose which large-cap tokens will be allowed for retail investors. Instead, the regulator requires that cryptocurrencies be included in at least two acceptable, investable indices from independent providers, and He stated that one of them will have to have experience in the traditional financial sector.
