- Hong Kong will test out its retail-focused crypto regime starting June 1.
- The regime will allow for the buying and selling of major coins only.
- Hong Kong is going crypto-positive, while much of Asia goes the other way.
Hong Kong has made a concerted effort to be a welcoming crypto hub in Asia concerning regulations. The region rapidly deployed a new crypto framework and licensing regime for retail investors and will soon make them available.
From June 1, retail investors can trade crypto under Hong Kong’s new regulatory framework for crypto. This follows the conclusion of the consultation on retail participation and ushers in a new era for retail traders in the region.
Welcoming the Major Coins
The new framework focuses on a licensing regime for exchanges geared toward retail consumer protection, obligating platforms to follow a number of regulations and requirements.
These licensed platforms…
