Only certain crypto will be allowed in Hong Kong upon rollout

Starting next month Hong Kong will be allowing crypto, but theyre taking it slow and only allowing projects that meet a certain criteria. For a crypto to be able to be traded it must have 12 months of “compliance” with no criminal allegations and be actively listed on atleast 2 major indexes/exchanges.

The Hong Kong SFC currently has no plans to allow stablecoins citing uncertainty, but these are the tokens that meet eligibility with amount of indexes listed:

Bitcoin-5

Ethereum-5

Litecoin-4

Polkadot-4

Bitcoin Cash-3

Solana-3

Cardano-2

Avalanche-2

Polygon-2

Chainlink-2

Not alot of surprises there, these are some of the largest market caps and ecosystems in the industry and itll be interesting to see if they gain an advantage. This is of course supposed to be a transition phase for them and im sure will gradually acquiesce to more altcoins.

Also, this whole bitcoin cash thing needs to stop its a zombie coin lol. If theyre trying to legitimize crypto should maybe reconsider that one.