Hong Kong to Ease Restrictions on Crypto Trading to Boost Market Activity
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- Hong Kong to let licensed crypto exchanges access global trading liquidity.
- SFC, HKMA advance new crypto dealer and stablecoin licensing frameworks.
- Licensed exchanges can now list tokens without a 12-month track record rule.
Hong Kong’s Securities and Futures Commission (SFC) plans to ease restrictions for licensed crypto trading platforms, allowing them to connect local traders with their global order books. The regulator’s chief executive, Julia Leung, announced the change on Monday during Hong Kong Fintech Week, adding that a formal circular detailing the new rules would be released later in the day.
The new policy, as reported by Bloomberg, marks a departure from the existing “ringfenced” system, which limits trades to within Hong Kong. Under the upcoming framework, licensed exchanges will be permitted to link with global liquidity, bringing digital-as…
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