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<ul class="news-points"> 
 <li>As opposed to US regulatory issues, Asian nations are regulating digital assets and cryptocurrencies.</li> 
 <li>Hong Kong licensed trading platforms under a new digital-asset framework.</li> 
 <li>Asia may be drawn to cryptocurrencies because many people there do not have access to certain banking services.</li> 
</ul> 
Hong Kong licensed trading platforms under a new digital-asset framework, Bloomberg reported. HashKey and OSL, both crypto exchange platforms, received licenses from Hong Kong’s Securities and Futures Commission (SFC) for retail services. 
HashKey and OSL were previously the only local exchanges <a href="https://finance.yahoo.com/news/hashkey-osl-receive-hong-kongs-093000469.html" target="_blank" rel="noopener noreferrer nofollow">licensed by the SFC</a> to provide trading services to professional investors. However, they recently announced that their licenses have been upgraded to include the provision of services to retail investors as well. 
Hong Kong’s new regulatory framework stated that individuals and institutions can trade cryptocurrencies. However, due to the price volatility, retail investors are limited to trading only larger coins like Bitcoin and Ether. The new regulatory framework addressed the importance of adequate risk management, insurance coverage, and asset custody. 
According to <a href="https://www.forbes.com/sites/digital-assets/2023/05/14/why-emerging-southeast-asia-is-crypto-friendly/?sh=5fbe13fa545b" target="_blank" rel="noopener noreferrer nofollow">Forbes</a>, d… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/crypto-clarity-in-asia-enhances-with-hong-kongs-new-regulation-move/">Crypto Clarity in Asia Enhances With Hong Kong’s New Regulation Move</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Crypto Clarity in Asia Enhances With Hong Kong’s New Regulation Move

Coin Edition

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