Coin

<ul class="news-points">
 <li>Lu Tingkuang thinks Hong Kong has a convenient crypto licensing regime.</li>
 <li>Hong Kong’s crypto-asset license permits holders to provide services for crypto and STOs.</li>
 <li>Tingkunag believes Hong Kong is careful in approaching the digital assets industry.</li>
</ul>
The co-founder and chief strategy officer of HKbitEX, Lu Tingkuang, thinks Hong Kong has a more convenient crypto licensing regime than places like Singapore and the U.S. According to Tingkuang, the <a href="https://coinedition.com/hong-kong-strategically-positioned-for-global-developmental-relevance/" target="_blank" rel="noopener noreferrer nofollow">Hong Kong crypto-asset</a> license permits holders to provide trading services for both <a href="https://coinedition.com/what-is-cryptocurrency-a-complete-beginners-guide/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrencies</a> and security tokens (STOs).
Meanwhile, the FinTech expert <a href="https://www.takungpao.com.hk/231106/2024/0629/985956.html" target="_blank" rel="noopener noreferrer nofollow">highlighted</a> that other countries’ regulators provide licenses for only one, and not both categories of assets. For instance, he cited the U.S.-listed Coinbase, whose license only permits the trading of crypto assets.&nbsp;
In his presentation, Tingkuang noted that most people think Hong Kong is conservative in developing its virtual assets market. Hence, the departure of several crypto giants, who got frustrated and moved away from the region. Contrarily, the HKbitEX chief strategy officer believes Hong Kong is only careful in its approach to the industry. He noted…
The post <a href="https://coinedition.com/hong-kongs-financial-services-license-permits-trading-of-crypto-and-stos/" rel="noopener noreferrer nofollow">Hong Kong’s Financial Services License Permits Trading of Crypto and STOs</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Hong Kong’s Financial Services License Permits Trading of Crypto and STOs

Coin Edition

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