CoinVoice has recently learned that according to Ta Kung Pao, HKbitEX co-founder and chief strategy officer Lu Tingkuang said that Hong Kong's license for crypto assets can provide trading of both cryptocurrencies and security tokens (STOs). This is actually more convenient than Singapore and the United States, because most licenses in other countries and regions can only provide one of the services, not both. Just like Coinbase, which is already listed in the United States, their license can only provide cryptocurrency trading.
Although some people think that Hong Kong has been relatively conservative in the development of the virtual asset market in the past, which has made some crypto giants discouraged and withdraw from the Hong Kong market, in fact, Hong Kong carefully observed before deploying, so it has seen results in recent years.
In addition, the Securities and Futures Commission has made it clear this year that STO investment may be open to retail investors to attract more funds and financial technology talents to Hong Kong. [Original link]
