The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

At present, Hong Kong's cryptocurrency regulatory policy is relatively flexible. It maintains a certain degree of openness and inclusiveness, and the development of cryptocurrency has also attracted global attention. Globally, cryptocurrency regulatory policies vary greatly. There are fewer countries that support cryptocurrency, and more countries that are wary of cryptocurrency. After the new licensing system in Hong Kong takes effect, it will strengthen the supervision of the cryptocurrency market, improve the transparency and stability of the market, and protect the interests of investors. This will also help more retail investors and institutions enter the market for trading. So is Bitcoin trading legal in Hong Kong? The following is a detailed introduction by the editor of the currency circle. Is Bitcoin legal in Hong Kong? 

 Is Bitcoin trading legal in Hong Kong? 

Bitcoin trading in Hong Kong is legal. The Hong Kong Securities and Futures Commission recently announced that from June 1, all central virtual asset trading platforms that operate in Hong Kong or actively promote to Hong Kong investors will need to be licensed by the Securities and Futures Commission. It can be known that from June 1, 2023, trading in cryptocurrencies (virtual currencies) in Hong Kong will be officially legalized. 

Individual investors will be allowed to trade larger denomination virtual currencies on exchanges licensed by the agency, subject to safeguards such as knowledge tests, risk profiles and reasonable risk exposure limits, the SFC said in a consultation document. While it did not specify which large virtual currencies individual investors would be allowed to buy, the agency said Bitcoin should be included in at least two acceptable investable indices provided by independent providers, one of which should have experience in traditional finance.

Trading Bitcoin is therefore legal in Hong Kong, but the Hong Kong Monetary Authority is cautious about cryptocurrencies, with its official position advising the public to be cautious in participating in cryptocurrency investment and trading activities. Hong Kong's regulatory reforms have attracted attention, in part to provide clarity on cryptocurrency governance.

And OKX (investors without accounts can create new ones) plans to apply for a virtual asset trading license in Hong Kong, the latest sign of a major change in Hong Kong's regulatory rules. OKX, which claims to be the second largest in the world by trading volume, said it would apply for a license in Hong Kong, just two months before the city officially fully legalized cryptocurrency trading. Hong Kong's plan to open a cryptocurrency exchange comes at a time when the global cryptocurrency investment community has become an oasis for digital currencies due to the collapse of FTX and the strengthening of US regulation.

 Is Bitcoin trading legal in Hong Kong?

Bitcoin trading is legal in Hong Kong. Although Hong Kong does not have special regulations to regulate cryptocurrency trading, it is one of the most regulated and secure financial centers in the world. In Hong Kong, all financial institutions and exchanges need to comply with the supervision of the Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority. These institutions and exchanges must comply with anti-money laundering and anti-terrorism regulations to ensure the security and legality of transactions. Therefore, investors and traders who buy Bitcoin can trade in Hong Kong with confidence because their investments and transactions are regulated and secured.

Hong Kong is one of the world's important financial centers. Its financial regulator, the Hong Kong Monetary Authority, has strict supervision over virtual assets. Having a VASP license can prove that the company has passed the review of the regulator and meets the compliance requirements of the Hong Kong financial market, which enhances the company's legitimacy and credibility. Applying for a Hong Kong VASP license means that the company can legally provide virtual asset-related services in Hong Kong, including but not limited to cryptocurrency trading, wallet services, token issuance, asset management, etc.

The above content is the detailed answer of the editor of Biquanqun to the question of whether Bitcoin trading in Hong Kong is legal and formal. The opening of Hong Kong's financial policies and the approaching licensing system will raise the entry threshold for exchanges that have not yet obtained licenses, such as EOS, and Ouyi. For institutions such as OSL and HashKey that have already obtained Hong Kong licenses, this is a great positive behavior, which means that the value of these institutional licenses has been greatly improved. At the same time, it is also a positive signal for the cryptocurrency industry, which will help the sustainable development of the cryptocurrency industry in the future.