Hong Kong Proceeding with Crypto Licensing

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Despite other regions taking a more cautious approach, The Fintech Association Of Hong Kong(FTAHK) asserts that Hong Kong remains enthusiastic about enabling its residents to engage in Crypto trading due to its crypto-friendly nature. 

FTAHK chair Neil Tan said Hong Kong is stepping forward in allowing crypto retail trading, despite Singapore and the United Nations stepping back. A licensing system for cryptocurrency exchanges will go into force on June 1. It’s anticipated that the licensing standards will be made public in May.