Hong Kong to step in as ‘options are dwindling’ globally — FinTech chair

Crypto-friendly Hong Kong is still gung-ho about providing its citizens access to crypto trading despite other jurisdictions “taking an action 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. Source: WOWIn January, Securities and Futures Commission (SFC) CEO Julia Leung Fung-yee said retail traders would be limited to “highly-liquid” digital assets however did not give any more explanation.Along with providing what many consider to be an appealing legal structure for crypto, Hong Kong is likewise focusing efforts on drawing in talent and facilities service providers– what Tan called “the back end.” Related: Chinas crypto stance unchanged by moves in Hong Kong, states execHe added both the Chinese and Hong Kong governments recognize the opportunities in the region and are taking action to try to support inbound talent.

Crypto-friendly Hong Kong is still gung-ho about giving its residents access to crypto trading in spite of 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 apparently stepping back from permitting crypto retail trading, “Hong Kong is stepping forward.” Related: Chinas crypto position the same by relocations in Hong Kong, states execHe included both the Chinese and Hong Kong federal governments acknowledge the opportunities in the area and are taking action to attempt to support inbound talent.