Bitcoin rebounds above $27,000 as Hong Kong SFC permits retail crypto trading.

June 2, 2023 ⚊ 1 Min read ⚊ Views 45 ⚊ NEWS

Hong Kong’s securities regulator announced that it will allow retail trading for certain cryptocurrencies from June 1, causing Bitcoin to rise 1.7% to $27,293.64. Ether also advanced nearly 2% to $1851.91. The move is part of efforts to make Hong Kong a global crypto hub, and the regulator has already issued licenses to two platforms, OSL and Hash Blockchain. However, it is not expected to immediately result in a flood of retail buying power. The news will come out when catastrophic events such as big catalysts or trading hit a lull. Bitcoin and Ether are on their way to witnessing their worst month of 2023.

Read details: https://www.hongkong-journalist.com/banking-and-finance/bitcoin-mounts-back-above-27000-hong-kong-sfc-announces-retail-crypto-trading/

Tags: bitcoin, Hong Kong, Trading

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