HONG KONG : Hong Kong securities watchdog will propose a subset of tokens it would allow for retail investors' trading, its chief executive said on Wednesday, as it presses on with a new regulatory regime that will make the city more friendly to crypto startups. As investor protection will continue to be
HONG KONG : Hong Kong securities watchdog will propose a subset of tokens it would allow for retail investors' trading, its chief executive said on Wednesday, as it presses on with a new regulatory regime that will make the city more friendly to crypto startups.
"Virtual assets have in the past year gone from peak to low levels. The good thing is that when the froth is taken out from the system as platforms and some tokens collapsed, it focuses investors and sellers' minds on investor protection," Leung said at a panel discussion at the Asian Financial Forum in Hong Kong on Wednesday.
Bitcoin, the biggest cryptocurrency, has lost more than 70 per cent of its value since hitting a record high in November 2021.
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