Hong Kong Set To Make It Easier For Retail To Buy Litecoin

Hong Kong is in the news this week on Bloomberg as it's anticipating the city will roll out a global virtual asset road map at the upcoming Hong Kong FinTech conference taking place next week.

This follows the recent news from Southern China Morning Post this month where the Securities and Futures Commission (SFC) director of licensing stated that it is now considering allowing retail investors to “directly invest into virtual assets”.

Currently, only "accredited investors" with portfolios of at least US$1 million are able to purchase digital assets like Litecoin.

There are several exchanges that allow residents to purchase Litecoin and other cryptos. Some of the top ones are Gemini, Binance, OK Coin, Huobi, BTCC, and Coinbase.

Source:

1. https://www.scmp.com/tech/policy/article/3196234/hong-kong-promises-its-cryptocurrency-stance-separate-mainland-chinas

2. https://www.scmp.com/tech/tech-trends/article/3195955/hong-kong-clarify-stance-cryptocurrencies-during-fintech-week-amid?module=inline&pgtype=article

3. https://www.fintechweek.hk/

4. https://www.bloomberg.com/news/articles/2022-10-27/hong-kong-plans-to-legalize-retail-crypto-trading-to-become-hub?utm_medium=social&utm_source=twitter&utm_campaign=socialflow-organic&utm_content=crypto&leadSource=uverify%20wall

5. https://news.bitcoin.com/hong-kong-mulls-letting-retail-investors-trade-crypto-removing-professional-investor-only-requirement/

6. https://www.gemini.com/apac/hong-kong