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Hong Kong approves first retail cryptocurrency exchanges

The exchanges widen clientele as city positions itself as a crypto hub

Hong Kong is allowing cryptocurrency exchanges to offer trading services to retail investors. (Source photos by Getty)

HONG KONG -- HashKey Exchange and OSL have become the first cryptocurrency exchanges in Hong Kong to secure licenses for retail investors to trade on their platforms, two months after the local regulator said it would allow companies to offer such services. 

The development is an important step in positioning the city as a crypto hub while other markets remain cautious after the collapse in November of FTX, a high-profile cryptocurrency exchange. 

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