- Hong Kong introduces new regulations for crypto trading, and only a select few made the cut.
- Bitcoin, Ethereum, and Litecoin are among the approved tokens for trading.
- The criteria for approval include listing on at least two major indices.
While the rest of Asia is cracking down on crypto, Hong Kong is taking a different stance. After new regulations come into effect, retail investors can now trade select crypto tokens.
New regulations by the city’s Securities and Futures Commission (SFC), coming into effect on June 1, 2023, will permit retail investors to trade certain crypto tokens. However, these tokens must meet certain stringent criteria to be eligible for trading.
So far, only ten crypto tokens have made the cut, including Bitcoin, Ethereum, and several popular altcoins.
Hong Kong’s Criteria for Crypto Trading
To be allowed for retail trading, the crypto tokens have to satisfy the…
