Reading time: ~2 m
According to the official Twitter, Huobi has announced that it will officially launch Huobi Hong Kong to be ready to provide users with various cryptocurrency trading services.
🇭🇰 Crypto Craze Captivates #HongKong!
🌐 Embrace #Web3 & the new HK regulations! Trade $BTC, $ETH, #TRX , & $HT in the HK Zone on https://t.co/qihXWjwBOc
Follow @HuobiGlobal to stay in sync with the hottest crypto trends! 🔥🔥 pic.twitter.com/ieGBHcwlkC
— Huobi (@HuobiGlobal) May 26, 2023
From June 1, users can buy, sell and hold significant cryptocurrencies, including BTC, ETH, and other major cryptocurrencies listed in its independent index through Huobi HK.
The Hong Kong Securities Regulatory Commission recently published the conclusion of its consultation on the “Guidelines for Virtual Asset Trading Platform Operators,” confirming that the regulation of asset trading platform operators virtual will go into effect on June 1.
To fulfill its ambition to become the new crypto hub, SFC hong kong has proposed allowing licensed virtual asset trading platforms to provide services to retail investors. Because of the general public support for the relevant proposals, the SFC will implement the “Guide on Virtual Asset Trading Platforms” and the “Guide on Anti-Money Laundering” and implement a number of revised and clarified as stated in the concluding document.
Yesterday, according to official news, OKX completed an APP upgrade to provide a spot virtual asset trading service for Hong Kong users, supporting Hong Kong users to buy, sell and hold 16 types of virtual assets. The main on the system are BTC, ETH, ADA, MATIC, SOL, DOT, UNI, LINK, SAND, LTC, AVAX, AXS, ATOM, XLM, USDT, and USDC.
The easing of Hong Kong’s policies is attracting a lot of attention from platforms providing crypto services. In the face of tightening regulations by the US and European countries for crypto-trading companies, this year will create a large wave of migration to Hong Kong.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
This post was originally published on this site