Hong Kong watchdog targets to limit retail merchants to liquid merchandise

Hong Kong watchdog targets to limit retail merchants to liquid merchandise

The brand new licensing program, scheduled to expend off in June, will restrict retail merchants in Hong Kong to “highly-liquid” digital sources, consistent with the brand new CEO of Hong Kong’s Securities and Futures Commission (SFC), Julia Leung Fung-yee.

On the most up-tp-date Asia Monetary Forum, Leung pointed out that many digital asset platforms have hundreds of merchandise. However, the SFC govt highlighted that they are now not planning to “permit retail investors to trade in all of them.” As an alternate, the SFC will intention up requirements that permit retail merchants to finest trade principal virtual sources.

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