Hong Kong to Make Crypto Trading Legal for Citizens on June 1st, Says KOL

Crypto熊猫, a crypto KOL, said on Twitter that Hong Kong will officially make crypto purchase, sell and trading fully legal for all of its citizens on June 1st, 2023. "Asian currency based stablecoin coming out of HK will be a certainty as well." He added. The report is retweeted by the likes of Coinbase CEO Brian Armstrong.

Over the last several months, Hong Kong has been actively discussing crypto regulating policies. Meanwhile, multiple crypto service providers are trying to enter Hong Kong.

This week, Singapore's largest bank, DBS, announced its plan to apply for a license in Hong Kong to sell digital assets to Hong Kong customers. In addition, Interactive Brokers has begun to offer Bitcoin and Ether trading to professional investors in Hong Kong, in partnership with crypto exchange OSL Digital Securities.