Will retail investors be sidelined by Hong Kong’s proposed licensing regime on cryptocurrency trading?

Cryptocurrency exchanges in Hong Kong are taking steps to reorganise their operations by offering separate trading platforms for professional investors, as they heed calls from the securities regulator which is exploring a future licensing framework that would ultimately exclude retail traders.Dave Chapman, executive director at Hong Kong-listed BC Group, said although the regulatory sandbox – a pilot scheme to test tokens and platforms – that the Securities and Futures Commission launched in…

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