Hong Kong Securities Watchdog to Limit Retail Access to Crypto
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Hong Kong's Securities and Futures Commission wants to limit access for retail traders to cryptocurrencies as the region is set to legalize the industry, Reuters reports, citing SFC head, Julia Leung Fung-yee.

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During the Asia Financial Forum, Fung-yee said that the SFC will issue a consultation paper in Q1, detailing the conditions for retail investors to trade in certain cryptocurrencies.

She noted that some crypto exchanges "have over 2,000 products," but the regulator doesn't plan to allow retail investors to trade in all of them. She added:

"We will set the criteria that would allow retail investors to [only] trade in major virtual assets."

It is yet to be clarified which cryptocurrencies will be available for investors to trade. Fung-yee said only "highly liquid" assets will be allowed for retail trading, without naming them.

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