Hong Kong to Make Crypto Trading Legal for Citizens on June 1st, Says KOL

Crypto熊猫, a crypto KOL, said on Twitter that Hong Kong will officially make crypto purchase, sell and trading fully legal for all of its citizens on June 1st, 2023. "Asian currency based stablecoin coming out of HK will be a certainty as well." He added. The report is retweeted by the likes of Coinbase CEO Brian Armstrong.

Over the last several months, Hong Kong has been actively discussing crypto regulating policies. Meanwhile, multiple crypto service providers are trying to enter Hong Kong.

This week, Singapore's largest bank, DBS, announced its plan to apply for a license in Hong Kong to sell digital assets to Hong Kong customers. In addition, Interactive Brokers has begun to offer Bitcoin and Ether trading to professional investors in Hong Kong, in partnership with crypto exchange OSL Digital Securities.

Source

Policy and Regulation

Related News
'He signs whatever I say': LIBRA token 'facilitator' Hayden Davis claims he paid Argentine Pres. Milei's sister for influence: report 'He signs whatever I say': LIBRA token 'facilitator' Hayden Davis claims he paid Argentine Pres. Milei's sister for influence: report
Argentinian President Javier Milei charged with fraud over $LIBRA token scandal: AP Argentinian President Javier Milei charged with fraud over $LIBRA token scandal: AP
Bitwise files Dogecoin ETF registration, firm confirms Bitwise files Dogecoin ETF registration, firm confirms
Trump-backed World Liberty Financial swaps approximately $90 million worth of stablecoins for ETH, LINK and other tokens Trump-backed World Liberty Financial swaps approximately $90 million worth of stablecoins for ETH, LINK and other tokens
World Liberty Financial sees surge in token sales following Donald and Melania Trump memecoin launches World Liberty Financial sees surge in token sales following Donald and Melania Trump memecoin launches
Latest News More More
17 Hours Ago Circle secures in-principle approval to operate as money services provider in Abu Dhabi
17 Hours Ago Mastercard moves to integrate stablecoins into global payments network
1 Day Ago Bitget will legally pursue 8 accounts suspected of profiting $20 million from VOXEL trading manipulation
1 Day Ago Term Finance recovers $1 million of $1.6 million loss to oracle configuration error
4 Days Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open