The 'options are dwindling' for retail investors to access crypto in a legal and regulated way, the chair of Hong Kong's FinTech Association tells Cointelegraph.
On June 1, a licensing regime for crypto exchanges will come into effect and Tan said it’s “going to also include retail.” The licensing guidelines are“If there’s access to [crypto] in a legal and regulated way, then I'm sure participants will come. It is a ‘build it and they will come’ because there are no other options. The options are dwindling, actually.”traders access licensed crypto platforms in its licensing regime proposals for Virtual Asset Service Providers .
for crypto, Hong Kong is also focusing efforts on attracting talent and infrastructure providers — what Tan called “the back end.”He added both the Chinese and Hong Kong governments recognize the opportunities in the region and are taking action to try to support inbound talent. Infrastructure to support crypto also needs to be in place for Hong Kong to realize its virtual asset hub ambitions, Tan said. “When the platforms come, they come with that infrastructure. They bring the infrastructure with them as well to deliver the product,” he added.
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