Hong Kong's authorities will reportedly legalize crypto retail trading in March 2023.
Hong Kong’s authorities will reportedly legalize crypto retail trading in March 2023.
According to the Co-Founder of BitMEX – Arthur Hayes – the state’s vision and crypto adoption could propel a new bull market.by Bloomberg informed that Hong Kong’s authorities could enforce a friendly regulatory framework on cryptocurrencies in March 2023. Specifically, regulators could enable crypto retail trading and allow listings of leading digital assets. The details remain unknown since they will be the subject of public consultation beforehand.
“Introducing mandatory licensing in Hong Kong is just one of the important things regulators have to do. They can’t forever effectively close the needs of retail investors,” commented Gary Tiu – Executive Director at BC Technology Group Ltd. Another country in the South East Asian region that changed its stance toward the crypto sector is Singapore. The city-state was among the leading blockchain centers prior toThe country’s financial regulator
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