Hong Kong Legislative Councillor Endorses Moderately Opening Retail Investors to Large-Scale Cryptocurrency Trading
Publication Time:2024-07-24 22:56:06
Legislator Lee Wai Ho has put forward suggestions for Hong Kong's government to enhance measures aimed at advancing the financial service industry. A key recommendation is the moderate allowance of retail investors in major cryptocurrency transactions. Lee expressed that the industry generally welcomes the Securities and Futures Commission (SFC)'s adjustment to virtual asset trading based on industry feedback. He proposed that regulatory bodies should gradually increase retail investors' participation in various virtual asset products through enhanced investor education. Moreover, he emphasized that investors engaging in transactions through local compliant platforms will receive greater regulatory protection, thereby promoting the healthy development of Hong Kong's virtual asset market.
moderately opening retail investors
large-scale cryptocurrency trading
Hong Kong financial policy
investor education
compliant platform