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TEXXR

Chronicles

The story behind the story

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Hong Kong outlines crypto trading rules for bitcoin, ether, and other large coins, letting retail investors trade them on licensed exchanges starting on June 1

Bloomberg :

Bloomberg

Discussion

  • @wublockchain Wu Blockchain on x
    The Hong Kong SFC issued a conclusions consultation on regulation of virtual asset trading platforms; non-security tokens are required to have 12 months of no bad records; stablecoins are currently not allowed to be purchased by retail investors, and need to wait for the new... h…
  • @mdudas Mike Dudas on x
    No stablecoins for retail on regulated Hong Kong crypto exchanges https://apps.sfc.hk/... [image]
  • @pingroma Zheping Huang on x
    The SFC said in its conclusions that licensed platforms should “comply with a range of robust investor protection measures covering onboarding, governance, disclosure and token due diligence and admission, before providing trading services to retail investors.”
  • @cryptadamist @cryptadamist on x
    bros: “the usa is losing innovation. we must move towards freedom loving countries like china” prc: “no stablecoin 4 u” https://apps.sfc.hk/... [image]
  • @kris @kris on x
    HK🇭🇰 making moves to regain momentum. Hong Kong Lets Retail Investors Trade Crypto in New Rules That Contrast With Clampdowns in Asia https://www.bloomberg.com/...
  • @thesamreynolds Sam Reynolds on x
    Want to apply for a crypto license in Hong Kong? No knowledge required! [image]