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<ul><li>Hong Kong&#39;s SFC greenlights compliant exchanges HashKey Pro and OSL for retail crypto trading.</li><li>The approval could incentivize more exchanges to comply with regulatory standards, potentially revolutionizing the digital assets market in Hong Kong.</li><li>Shanghai plans to forge connections with Hong Kong and Singapore for applications in a variety of fields, including digital assets.</li></ul>According to a <a href="https://www.bloomberg.com/news/articles/2023-08-03/hong-kong-s-new-crypto-regime-awards-first-license-to-hashkey#xj4y7vzkg" rel="noopener noreferrer nofollow">Bloomberg report</a>, the Hong Kong Securities Regulatory Commission (SFC) has made a landmark decision to allow retail investors to engage in cryptocurrency trading. This regulatory breakthrough has seen HashKey Pro and OSL become the first exchanges to meet the compliance standards, offering retail investors the opportunity to engage in spot transactions with Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether (USDT).The first license under Hong Kong’s new crypto regime was secured by HashKey Exchange, marking the official legalization of the retail trading of tokens in the city. This move is part of Hong Kong&#39;s <a href="https://cryptotale.org/hong-kong-takes-virtual-asset-value-chain-by-storm-prepares-for-stablecoin-regulation/" rel="noopener noreferrer nofollow">efforts</a> to foster a global hub for the digital-asset sector. HashKey, with the upgrading of its existing licenses, can now offer services to retail investors. However, the Securities and Futures Commission (SFC)  has yet to issue a statement confirming this development.Meanwhile, OSL, a cryptocurrency-focused subsidiary of the BC Group, has secured an &#34;approval-in-principle&#34; for its license applications. These applications pertain to Type 1 (securities dealing) and Type 7 (automated trading service or ATS). Provisional endorsement highlights OSL&#39;s dedication to cryptocurrency, reinforcing its leading role in Hong Kong&#39;s rapidly growing cryptocurrency sector.Read full article at <a href="https://cryptotale.org/retail-crypto-trading-takes-off-in-hong-kong-with-hashkey-pro-leading-the-charge/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Retail Crypto Trading Takes Off in Hong Kong with HashKey Pro Leading the Charge

CryptoTale

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