Hong Kong Plans to Allow Retail Crypto Trading

Now, Janet, give us a sense of what the main points in this plan are. Hey, Rich. So this is basically a framework for how retail investors could potentially trade crypto. And it talks about some level of education and kind of a framework for the way that this could happen. So it isn't just completely disorganized, but it also doesn't appear that this framework is too restrictive either. Yeah. So give us a sense of it's not going to be all tokens, is it? They're going to be selecting some of which are the notable ones that they're looking at.

Yeah. Well, this is interesting. They didn't really specify. They did say some of the bigger ones that they want them to be included in two indexes and kind of implying that they want sort of more legitimate or robust indexes with traditional financial sector experience as well. But it isn't completely clear what those would be if it would be say top 10 tokens, if it would just be Bitcoin and Ether, or if it would be something like the top 100. So that's kind of to be determined. But they did say larger tokens so it won't be those really small speculative ones.

Very quickly. How does it set up Hong Kong in terms of comparisons with other hubs? Yeah. Well, it definitely Singapore is kind of retreating from having retail involved with crypto. So it does seem friendlier for retail than that kind of puts it in a middle ground. It's not super permissive, but it does look like there will be some framework to let it happen.

Bitcoin, Digital Currencies, Hong Kong, Joanna Ossinger, Rishaad Salamat, bitcoin, cryptocurrnecies, retail investors