‘No other options’: Hong Kong moving forward with crypto licensing, FinTech chair says

Crypto-friendly Hong Kong is still gung-ho about giving its citizens access to crypto trading despite other jurisdictions “taking an action back,” claims the chair of the FinTech Association of Hong Kong (FTAHK). Speaking to Cointelegraph at the Hong Kong WOW Summit in March, FTAHK chair Neil Tan said while Singapore and the United States are relatively stepping back from permitting crypto retail trading, “Hong Kong is stepping forward. Source: WOWIn January, Securities and Futures Commission (SFC) CEO Julia Leung Fung-yee stated that retail traders would be limited to “highly liquid” digital assets but did not give any additional details.Along with providing what many think about to be an attractive legal structure for crypto, Hong Kong is likewise focusing efforts on drawing in talent and facilities providers– what Tan called “the back end.” Related: Chinas crypto stance unchanged by relocations in Hong Kong, states execHe included both the Chinese and Hong Kong federal governments recognize the chances in the region and are taking action to try to support incoming talent.

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Crypto-friendly Hong Kong is still gung-ho about providing its residents access to crypto trading despite other jurisdictions “taking a step back,” declares the chair of the FinTech Association of Hong Kong (FTAHK). Speaking to Cointelegraph at the Hong Kong WOW Summit in March, FTAHK chair Neil Tan stated while Singapore and the United States are seemingly stepping back from permitting crypto retail trading, “Hong Kong is stepping forward.” Related: Chinas crypto position the same by moves in Hong Kong, states execHe added both the Chinese and Hong Kong federal governments recognize the chances in the region and are taking action to try to support incoming talent.