Hong Kong's securities watchdog to regulate all crypto exchanges

Pedro Gonçalves
Hong Kong's securities watchdog to regulate all crypto exchanges

Hong Kong will regulate all cryptocurrency trading platforms operating in the financial hub, the city's markets watchdog said, changing its previous "opt in" approach. Ashley Alder, chief executive officer of the Securities and Futures Commission (SFC), said during the 2020 Hong Kong FinTech Week that the requirement will apply to all platforms even if they do not trade security tokens, according to Reuters. Consequently, the Hong Kong government will propose a new licensing regime toda...

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