Hong Kong’s financial regulator finally implemented its new regulatory framework for crypto on the first of June.
Under the new rulebook, the city-state will allow retail investors in the city to trade specific “large-cap tokens” on licensed exchanges, given that safeguards such as knowledge tests, risk profiles, and reasonable exposure limits are put in place.
The Securities and Futures Commission (SFC) of Hong Kong will also start providing licenses to crypto exchanges. …
Read More: Bloomberg: Hong Kong’s New Crypto Rules Pave Uncertain Path to Digital Asset Hub