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Hong Kong to Only Offer ‘Highly Liquid’ Cryptocurrencies for Retail Trading: Report

Hong Kong's securities watchdog, the Securities and Futures Commission (SFC), announced plans to propose a subset of tokens it would allow for retail investors' trading, according to a report from Reuters, as it continues to establish a new regulatory regime for the city. 

The move, announced at this year’s Asian Financial Forum, aims to make Hong Kong more friendly to crypto startups and focus on investor protection. 

The decision to allow retail trading in cryptocurrencies would replace the previous regime set up in 2018 that restricted access to crypto to institutional investors who had portfolios valued over HK$8 million ($1 million).

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