Tuesday, October 22, 2024
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Hong Kong Steps Up Crypto Hub Push in Contrast With Clampdowns in Asia

Hong Kong is set to announce that retail investors can trade crypto under its new rulebook for the sector, stepping up a push to develop a hub even as digital-asset firms and regulators clash elsewhere in Asia.

The city’sSecurities and Futures Commission is due to detail the conclusions of a consultation on retail participation at a Tuesday briefing. The agency is expected to stick with a plan to let individual investors trade bigger tokens like Bitcoin and Ether starting next month under appropriate safeguards.

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