What are the requirements for individuals and businesses to participate in legal crypto trading in Hong Kong?

1 answers

• Nov 27, 2021 · 3 years ago
  At BYDFi, we understand the importance of complying with legal requirements when it comes to crypto trading in Hong Kong. To participate in legal crypto trading, individuals need to be at least 18 years old and have a valid Hong Kong identity card. They also need to open an account with a licensed cryptocurrency exchange and complete the necessary KYC procedures. This includes providing personal information and verifying their identity. Businesses, on the other hand, need to be registered and incorporated in Hong Kong. They must also obtain the necessary licenses and approvals from the relevant regulatory authorities. It is crucial for both individuals and businesses to comply with these requirements to ensure a safe and transparent trading environment in Hong Kong.
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