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Oct 31, 2022 08:42 PM
FINANCE

Hong Kong Moves Toward Legalizing Retail-Investor Crypto Trading

A cryptocurrency automated teller machine at a laundromat in Hong Kong on June 9. Photo: Bloomberg
A cryptocurrency automated teller machine at a laundromat in Hong Kong on June 9. Photo: Bloomberg

(Bloomberg) — Hong Kong will start a consultation on legalizing crypto trading by retail investors as it seeks to create a hub for digital tokens under a wider push to restore the city’s credentials as a financial center.

The consultation will focus on how the retail segment “may be given a suitable degree of access,” according to a statement Monday from the government. The city invited global crypto exchanges to explore business opportunities, adding that work toward a new virtual-asset licensing regime is intensifying.

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