Financial services providers in Hong Kong are already taking the first steps to provide services to retail investors, according to local reports.
Lawmakers in Hong Kong passed an amendment to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) in December 2022, which aligns with the region’s recent stance on broadening the possibility for crypto trading.
According to Robert Lui, the digital asset leader at Deloitte Hong Kong, retail investors will most likely be able to trade digital assets with a large market capitalization and liquidity.
The new licensing was initially scheduled for March 1 of this year.
Leung started her term on Jan. 1 and is set to be in office for the next three years.
She has previously spoken out about tightening local crypto regulations.
Source: Cointelegraph