Hong Kong To Legalize Retail Bitcoin Trading: Report

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The city seeks to establish itself as a financial hub by establishing a licensing regime in order to allow the retail trading of bitcoin and cryptocurrencies.Hong Kong plans to legalize the retail trading of bitcoin and cryptocurrencies contradicting the city’s position in recent years, as well as China’s ban on such services, per a report from Bloomberg. Hong Kong, along with many other regulatory bodies of government, seeks to establish a mandatory licensing regime which could be enforced as early as March of next year. Additionally, regulators are seeking permission to allow t ...

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