Hong Kong Lets Retail Investors Trade Crypto Under New Rules

00:00

00:00/00:00

Listen to this article 1x

Hong Kong in some ways is coming full circle as it was a digital-asset hub in earlier years before taking a more skeptical stance

(Bloomberg) — Hong Kong said retail investors can trade cryptocurrencies under its new rulebook for the sector, stepping up a drive to develop a digital-asset hub even as the industry and regulators clash elsewhere in Asia.

The city’s Securities and Futures Commission (SFC) detailed the conclusions Tuesday of a consultation on retail participation. The agency stuck with a plan to let individual investors buy and sell bigger tokens like bitcoin and ether starting June 1 when a new licensing regime for virtual-asset platforms begins.