Hong Kong considers liberalizing retail trading of cryptocurrencies
Hong Kong is considering lifting a ban on retail traders trading cryptocurrencies in a bid to develop the city into a digital asset hub. The SFC will begin a public consultation on the appropriate extent to which retail investors can trade virtual assets. The SFC also issued a policy statement on Monday covering possible regulatory rules for virtual asset exchange-traded funds hosted on the Hong Kong exchange. For so-called complex products, the SFC has specific guidelines. It defines complex products as investment products that are unlikely to be understood by retail investors. These products are subject to stricter regulation.