Can crypto exchanges get a retail licence in Hong Kong?
In light of the evolving regulatory landscape surrounding cryptocurrencies, I must inquire: Is it feasible for cryptocurrency exchanges to obtain a retail license in Hong Kong? The city is renowned for its robust financial sector and innovative regulatory approaches, but given the unique nature of digital assets, I'm curious about the legal and practical considerations involved. Could you elaborate on the potential challenges, regulatory requirements, and possible benefits that such a license might entail? I'm particularly interested in understanding the viability of this option for exchanges looking to expand their operations in the region.