Hong Kong eyes crypto retail trading ban
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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