Metalpha Technology Holding Ltd (MATH)

[Nextbigone]

$MATH stock is up 319% for 2023. Happy Investing to All. 2024 looks promising with BTC ETF approval and HK easing restrictions on crypto trades for retail.

Hong Kong's latest move to legalise retail crypto trade would also set Hong Kong further apart from mainland China, which has an imposed a blanket ban on cryptocurrency trade.

"This is a positive move as it sends out a strong message that Hong Kong is taking a different approach in regulating its capital market," said Adrian Wang, chief executive of crypto brokerage Metalpha.

Hong Kong's government has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds - a move it hopes will help it rebuild its fintech hub status.

The city, which previously proposed limiting crypto trade to professional investors, has seen planned rules for digital assets heavily criticised for stifling innovation, prompting a slew of start-ups to move to other markets such as Singapore and Dubai.