Positioned as a counter to Singapore's 2022 tightening and China's mainland restrictions, Hong Kong's framework allows retail trading on licensed platforms. OSL, HashKey, and others received licenses. The policy reversed Hong Kong's 2018 professional-investor-only restriction. Subsequent approvals of spot ETFs (April 2024) made HK the third major jurisdiction with approved Bitcoin spot products.
regulation·June 1, 2023·China-specific
Hong Kong Embraces Crypto
Hong Kong SFC launches licensed retail crypto trading regime. The city's crypto hub ambitions re-ignite.