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Hong Kong eyes looser crypto rules in digital-asset hub bid

Allowing retail trade in cryptocurrencies is among relaxation proposals

Trading in bitcoin and other digital assets has been tightly controlled in Hong Kong.   © Reuters

HONG KONG -- Hong Kong is moving to let retail investors trade cryptocurrencies in a bid to become a digital-asset hub and repair its battered reputation as a global business center.

Opening up the market to smaller investors is among several proposed changes announced on Monday as the city, which is hosting a major fintech event this week, gets set to launch a new virtual-asset licensing regime in March.

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