Hong Kong Financial Services License Allows Cryptocurrency and STO Trading

HKbitEX co-founder and chief strategy officer Lu Tingkuang believes that Hong Kong's cryptocurrency licensing system is more convenient than places like Singapore and the United States. According to Lu Tingkuang, Hong Kong's crypto asset license allows holders to provide trading services for cryptocurrencies and security tokens (STOs). At the same time, the fintech expert stressed that regulators in other countries only provide licenses for one asset class, not for both. For example, he cited Coinbase, which is listed in the United States, whose license only allows trading in crypto assets.