As Hong Kong regulators seek to re-establish the region as the crypto hub of Asia, market players are now making a move. In the latest development, Justin Sun’s Huobi Global announced that it has applied for a crypto trading license in Hong Kong.
In addition to seeking the licenses, Huobi Global is planning to set up a local exchange aka Huobi Hong Kong. The exchange will comply with all local regulations while offering a range of trading pairs and services to customers.
Also, the new exchange from Huobi will cater to offering trading services for institutional investors as well as high-net individuals in Hong Kong. Huobi Hong Kong is positioning itself as a trusted and secure platform for investors in Asia willing to join the crypto market. Speaking on the development, Justin Sun yazdı:
“Yeni lisansla Huobi, Hong Kong'daki müşterilerine yönelik hizmetlerini ve tekliflerini genişletebilecek ve daha geniş yelpazede kripto ticareti ve yatırım seçenekleri sunabilecek. Bu, dijital varlıkları satın almak, satmak ve saklamak için güvenilir ve güvenilir bir platform arayan tüccarlar ve yatırımcılar için harika bir haber”.
Huobi’s Hops on Hong Kong’s Easing Crypto Rules
This latest announcement from Huobi comes just within an hour of the Bloomberg report that Hong Kong regulators are planning to allow retail investors to trade larger crypto coins.
In a consultation paper released earlier today, the Securities and Futures Commission (SFC) noted that retail investors could trade larger crypto coins on licensed crypto exchanges. It would allow exchanges to provide safeguards such as risk profiles, knowledge tests, and reasonable limits on exposure.
The agency, however, hasn’t explicitly mentioned which crypto coins it would allow retail players to trade. An SFC spokesperson told Bloomberg that the objective will allow retail trading in the new licensing regime for crypto exchanges due June 1. An SFC spokesperson said that two of the largest crypto assets are likely to be listed on Hong Kong platforms.
Other traditional market players like also seeking licensing for crypto customers Hong Kong'da.
Sunulan içerik yazarın kişisel görüşünü içerebilir ve piyasa koşullarına tabidir. Kripto para birimlerine yatırım yapmadan önce pazar araştırmanızı yapın. Yazar veya yayın, kişisel mali kaybınızdan sorumlu değildir.
Source: https://coingape.com/justin-suns-huobi-global-applies-for-crypto-trading-license-in-hong-kong/