The Hong Kong Securities and Futures Commission (SFC) has declared that from June 1, individual investors will be able to legally trade cryptocurrencies.
Recently, it has created an agenda with its support and constructive steps towards cryptocurrencies. Hong Kong Noteworthy statements came from the front for individual investors. SFC According to the statement made as a result of research carried out by As of June 1 as well as institutions individual investors also legally cryptocurrency trading they can.
SFC released at the end of February in the draft manualallows buying and selling from licensed cryptocurrency exchanges within the country. will allow and companies operating or wishing to operate in the country June 1 from the regulator until must get a license had reported. Huobi Global, OKX And amber group announced that they plan to apply for a license within the scope of the new regulations.
This breaking news with few days left for this important date for Hong Kong individual investors pleased. Individual investors within the scope of this legal status, Bitcoin (BTC) And on Ethereum (ETH) will have the opportunity to trade with a limited number of cryptocurrencies, including
Restriction to stablecoin and passive income products
On the other hand, individual investors stablecoins will not be allowed to deal with. In addition, investors Earn And lending Cryptocurrency services such as won’t be able to access.
According to the statement made by the SFC, cryptocurrencies that are not within the scope of securities can be traded. No bad activity record in 12-month history will need. Regarding certain cryptocurrencies advert activities While the platform is restricted in terms of keeping cryptocurrencies within itself is forbidden also stated.
Commenting on the subject Hong Kong Monetary Authority (HKMA) CEO Eddie Yuecompanies rigorous stressed that they should be ready for a regulatory base:
We will allow crypto companies to create ecosystems in Hong Kong and we are very excited about it. On the other hand, this will bring with it subtle regulations.
Yue spoke about the regulations in her recent statement. that you’ll hold the strings tight highlighting a new FTX He stated that the case would not be allowed.