Hong Kong eyes crypto retail trading ban

in hive-116221 •  4 years ago 

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All virtual asset exchanges should be licensed if they want to operate in Hong Kong, the Financial Services and the Treasury Bureau (FSTB) said after concluding a consultation that started in November last year.

In addition, it proposed that they should only be allowed to provide services to professional investors, that is individuals with at least HK$8m (£726,060, $1.03m, €844,170) of investible assets.

The announcement came after a roller-coaster week for cryptocurrencies, such as Bitcoin and Ether.


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