How is Hong Kong’s new crypto policy beneficial to Bitcoin investors?

Hong Kong’s securities regulator will limit the retail investors’ exposure to crypto assets with high liquidity.Hong Kong has moved tothe crypto industry despite a ruthless winter that has discouraged neighboring countries like Singapore from investing in this volatile industry. The island city’s top securities regulator recently issued a directive to drive investment in certain crypto assets with high liquidity.

by the South China Morning Post, the securities regulator has revealed that trading in virtual assets will be restricted to highly liquid products for retail investors.“Some virtual assets platforms have over 2,000 products, but we do not plan to allow retail investors to trade in all of them. We will set the criteria that would allow retail investors to [only] trade in major virtual assets.”

The SFC is planning to issue a consultation paper in the next two months. This paper will outline the products and conditions for retail investors who wish to trade in virtual assets. The licensing requirements for virtual asset trading firms will also be detailed in this document.Hong Kong’s liberal stance on the crypto market has attracted the attention of tech giant Samsung’s investment arm.

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