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Hong Kong, Singapore Sees Diverging Approaches to Retail Crypto Trading

October 28, 2022


Hong Kong is planning to shift to a friendlier approach towards cryptocurrencies starting next year, according to a Bloomberg report, while neighbouring Singapore is planning to impose fresh restrictions on consumers.

People familiar with the matter, who asked to remain anonymous, told Bloomberg that the information is not public yet, but Hong Kong has a planned mandatory licensing program for crypto platforms that are set to be enforced in March next year, which will allow retail trading.

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