Hong Kong government considers permitting retail investments in crypto
According to the report, the possible shift in attitude is taking place amid an exodus of financial technology talent from Hong Kong that is eroding the territory’s status as a crypto industry hub, much to the advantage of Singapore as its main competitor. Hong Kong’s regulators are mulling permitting retail investors to directly participate in investing in digital assets. Previously, the government of Hong Kong announced it would be revealing its new policy statement on cryptocurrencies during this year’s FinTech Week, in line with a “vision of developing Hong Kong into an international virtual assets center,” as the officials said.
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