Hong Kong landlords lease to crypto exchanges following regulatory clarity

Hong Kong landlords lease to crypto exchanges following regulatory clarity

Hongkong Land, a property landlord in Hong Kong, has leased out commercial office space to a local crypto-asset firm named HashKey Group following clarity around cryptocurrency regulations. 

Neil Anderson, director of Hongkong Land, believes that the decision to lease commercial property to crypto businesses was heavily reliant on the recent crypto regulations set by the Securities and Futures Commission (SFC):

“The SFC’s recent decision to regulate digital asset exchanges in Hong Kong gives us confidence that this new asset class has a regulatory framework, and therefore a future within the finance industry.”

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Hong Kong regulators require crypto businesses to be licensed locally and offer their services only to professional investors.

Hong Kong’s regulatory decisions around cryptocurrency have brewed mixed feelings among local investors. However, Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, has defended the recent proposal to ban retail crypto trading.

Hui said that a regulatory framework that bans retail crypto activity help against “market manipulation, money laundering and terrorist

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