Hong Kong’s government has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds.
Hong Kong is trying to claw back global recognition as a finance hub following COVID restrictions.
The city, which previously proposed limiting crypto trade to professional investors, has seen planned rules for digital assets heavily criticised for stifling innovation.
That forced a number of startups out of Hong Kong and to other markets such as Singapore and Dubai.
Authorities will start a consultation process on giving retail investors “a suitable degree of access” to virtual assets.
It could put Hong Kong’s rules on par with those of Singapore.
