Hong Kong Announces Proposal to Ban Retail Crypto Trading


Source: cryptheory.org cryptheory.org

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Hong Kong Announces Proposal to Ban Retail Crypto Trading 2 min If the proposed act passes into law, crypto trading will only be available to professionals with $1 million in their investment portfolio. The Hong Kong government has announced it is moving forward with plans to make licensing local crypto exchanges mandatory. The move will allow crypto trading to be done only by professional investors. To be a qualified investor, one must hold at least $1 million in their portfolio. This requirement will exclude a massive portion of crypto investors operating in Hong Kong. Hong Kong looks to regulate crypto...