Hong Kong financial services licenses allow cryptocurrency and STO trading

ChainCatcher news, according to Coin Edition, HKbitEX co-founder and chief strategy officer Lu Tingkuang believes that Hong Kong's cryptocurrency licensing system is more convenient than those in places like Singapore and the United States. According to Lu Tingkuang, the Hong Kong crypto asset license allows holders to provide trading services for cryptocurrencies and security tokens (STO).

At the same time, this fintech expert emphasized that regulators in other countries only provide licenses for one asset class, rather than for two asset classes simultaneously. For example, he cited Coinbase, which is listed in the United States, whose license only permits trading in crypto assets.