Last year Hong Kong announced it was planning to relax its stringent cryptocurrency trading rules and allow retail investors to participate. Today two crypto trading firms, OSL and HashKey, announced they received virtual asset licenses from the Securities and Future Commission (SFC) allowing them to deal with retail clients.
The companies already had licenses to target professional investors, with HashKey receiving approval late last year and OSL two years earlier. They both emphasized safety as key priorities. No other exchanges have licenses to operate in Hong Kong.
OSL said it is allowed to support trading of Bitcoin and Ethereum in the first instance.
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