Hong Kong’s Crypto Licensing Regime to Launch in May

Hong Kong is aiming to become a crypto hub and will provide guidelines for crypto exchanges wanting to launch there, allowing retail investors access to cryptocurrencies, and examine the possibility of offering crypto exchange-traded funds. The new rules will also allow retail investors to trade major cryptocurrencies like Bitcoin and Ethereum from June 1. Although there are still questions over its impact on the industry’s relationship with mainland China, Hong Kong is confident in its efforts to become a leading hub for Web3 in Asia and beyond. The authorities have already received interest from over 80 companies seeking to establish a business there. Stay tuned!

Clever Robot News Desk 30^th April 2023