Hong Kong’s Securities and Futures Commission is mulling over new regulations to enable platforms operating in the region to offer services to retail investors.
The region has changed its stance since proposing a ban on retail trading in 2021 as it looks to become a global crypto hub.
Crypto firms must follow rules around token listing, smart contract audits, and limiting trader exposure.
Global crypto regulations are often fragmented, confusing, and unclear, but national jurisdictions are increasingly looking to change this with friendly legal frameworks aimed at enticing businesses.
Hong Kong is one such territory; its Securities and Futures Commission (SFC) has published a proposal for the legislation of crypto trading platforms under a new licensing regime set to take effect on June 1, 2023.
The SFC calls for public comment on whether it should allow licensed platforms to serve retail investors. By clarifying regional operating practices, the legislation aims to attract cryp
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