Hong Kong Embraces Crypto Trading with New Regulations and Access for Retail Investors.

Hong Kong's Securities and Futures Commission (SFC) will begin accepting applications for crypto trading platform licenses on June 1, allowing licensed virtual asset providers to serve retail investors, provided that operators assess understanding of the risks involved. The SFC also proposed stablecoins should not be admitted for retail trading until the jurisdiction's planned regulations for the asset class kick in. The guidelines place the onus squarely on platform operators to conduct due diligence, stressing that being included in two acceptable indices is just the minimum criterion for being listed for trading.