Hong Kong to Allow Crypto Platforms Access to Global Order Books in Major Policy Shift
Hong Kong’s Securities and Futures Commission (SFC) announced Monday it will permit licensed cryptocurrency trading platforms to connect with global order books, marking a significant liberalization of the city’s digital asset regulations.
The policy shift, revealed by SFC chief executive officer Julia Leung during a fireside chat at Hong Kong Fintech Week, breaks from the current closed-loop model that restricts platforms to Hong Kong-based orders only. The regulator published two circulars detailing the new framework, which aligns cryptocurrency trading more closely with traditional asset regulations.
“Making steady strides in market liquidity and business offerings is crucial to sustaining the growth momentum of Hong Kong’s…
