Hong Kong to Allow Crypto Exchanges to Tap Global Capital Pools

Hong Kong plans to ease rules to encourage crypto trading activity in the city, its top market regulator said.

Crypto trading platforms licensed by the Hong Kong Securities and Futures Commission will be allowed to connect local entities with their global order books, Chief Executive Officer Julia Leung said at the city’s flagship Fintech Week Monday. A regulatory circular will come later today, she said.

The change moves from the current ringfenced model that only matches orders within Hong Kong, and will bring crypto trading in line with local rules that apply to traditional assets.

Hong Kong’s three-year push to ...