TechFlow news — Hong Kong is considering allowing retail investors to directly invest in virtual assets, as talent outflow has weakened its crypto industry. The city is differentiating its approach from mainland China’s crypto ban but still faces resistance due to lack of regulatory clarity.
Elizabeth Wong, head of licensing and fintech at the Hong Kong Securities and Futures Commission (SFC), confirmed that regulators are exploring allowing exchanges and other intermediaries to sell cryptocurrencies directly to retail investors.
Wong emphasized that Hong Kong’s cryptocurrency regulatory environment differs from that of the mainland, noting that Hong Kong can introduce its own legislation to regulate digital assets. She confirmed that the SFC is currently considering permitting retail investors to “directly invest in virtual assets.”Source link
