Mainland Chinese residents are buying cryptocurrencies through Hong Kong firms. By 2024, local regulators plan to work through a licensing regime for issuers of stablecoins.
HSBC, Hong Kong’s largest bank, recently agreed to allow its customers to buy and sell units of bitcoin and ether exchange-traded funds on the Hong Kong exchange.
About the author · Staff Reporter
James Whitfield
James Whitfield is markets correspondent at BTCNews. He spent eight years on the equity desk at Bloomberg London before moving to digital assets in 2020, and now leads our daily coverage of spot prices, derivatives and ETF flows. James reads order books for breakfast and has been quoted in the Financial Times, CityAM and CoinDesk. He is a CFA Level III candidate and is based in the City of London.