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Hong Kong's HashKey Exchange and OSL Receive Upgraded Licenses to Serve Retail Investors

Hong Kong's only two licensed cryptocurrency exchanges, HashKey Exchange and OSL, have both received upgrades to their licenses, allowing them to serve retail investors with immediate effect. Previously, they were only licensed to serve professional investors with a portfolio of at least $1.02 million.

The upgraded licenses make them the first exchanges authorized to provide crypto asset trading services to retail investors in Hong Kong, with Bitcoin and Ether being the only tradable assets currently permitted for retail investors on the two platforms.

The move came after the Hong Kong Securities and Exchange Commission kicked off its new crypto exchange licensing regime on June 1, allowing licensed exchanges to sell highly liquid cryptocurrencies to retail investors within a regulated framework.

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