The Hong Kong Financial Services Service (SFC) plans to relax individual investors’ regulations on Bitcoin (BTC) and cryptocurrencies.
SFC In a document published on its official website on Feb. 20, it published the government’s rules on the trading of cryptocurrencies on regulated platforms by individual investors. to loosen invited. The institution is also 1 June 2023 of all crypto trading platforms operating in Hong Kong prior to must be licensed stated.
The agency has put pressure on the government to relax the rules in parliament last year, and locals have already overseas He stated that he invested in crypto money through companies. strict regulations useful in terms of consumer protection not had argued.
However, the SFC is against the government. pro crypto Despite its attitude, it does not allow crypto companies to act in any way against the regulations. will not be ignored he warned. Operating or operating in Hong Kong plans of all crypto money institutions before June 1 they need a license was also among the warnings reported by the SFC.
On the other hand, the institution is generally aware of the cryptocurrencies that will be accessible to individual investors. big with market value tokens that it will be special implied found. Although the institution has not made detailed explanations about the listing criteria, one of the related tokens traditional finance by at least two independent providers with experience in the field acceptable And investment grade index stated that it should be included.