According to a local media report, Asian cryptocurrency exchange HashKey will begin offering Bitcoin and Ether trading services to retail customers in Hong Kong starting August 28. Investors using the platform will be limited to investing up to 30% of their net worth in cryptocurrencies. HashKey is the first crypto exchange in Hong Kong to receive regulatory clearance for offering crypto trading services to retail traders after obtaining two major licenses from the country's Securities and Futures Commission (SFC). The Type 1 license allows HashKey to operate a virtual asset trading platform under Hong Kong's securities laws, while the Type 7 license permits the exchange to provide automated trading services to both institutional and retail users. Another crypto platform, OSL, also received regulatory approval from the SFC to offer Bitcoin and Ether retail trading services. Hong Kong has been working to create a crypto-friendly environment, with more than 80 crypto firms expressing interest in opening offices in the country. The Hong Kong Monetary Authority (HKMA) has called on banks to provide services to cryptocurrency firms and introduced a licensing regime for crypto platforms.