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The Hong Kong Securities and Futures Commission has opened up retail virtual asset trading with strict regulations to protect customers.
[Coin World] The Hong Kong Securities and Futures Commission has issued a joint circular on the virtual asset-related activities of intermediaries, allowing licensed institutions to provide virtual asset trading services to retail investors, but they must meet strict customer protection requirements. The new regulations require platforms to comply with AML, KYC, and other regulations, and ensure that customers fully understand the risks. This move is seen as another important step by Hong Kong to promote the development of Web3.