- Julia Leung Fing-yee announced that the SFC has decided to restrict retail investors to highly liquid digital assets.
- She was reluctant to give specifications on the digital assets but stressed that the investors would be allowed to trade only the major virtual assets.
- Leung also added the city’s focus on transferring itself into a virtual asset hub.
Reportedly, Hong Kong’s financial regulator, the Securities and Futures Commission (SFC) has decided to restrict retail traders to “highly liquid” digital assets after the new licensing regime for virtual asset service providers (VASPs) is put into effect in June.
Last year, the legislative council of Hong Kong announced that the city has taken initiative to establish a new licensing regime for VASPs, which is supposed to start functio ...
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