Regulators are still keen on their respective aims towards the cryptocurrency industry. As a part of its goal of becoming a crypto hub, Hong Kong’s Securities and Futures Commission earlier today revealed a proposal to allow retail investors in Hong Kong to trade larger crypto assets such as Bitcoin (BTC) and Ethereum (BTC) but only those that are licensed.
The order was disclosed in a consultation paper published on Monday about its newly proposed licensing regime for cryptocurrency exchanges set to be put in place from June 2023.