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Hong Kong's crypto rules help it fit in more than stand out, but experts say that's good
linkweb3
2023-06-05
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Summary：With its new cryptocurrency rules now in effect, Hong Kong's strategy to become a global virtual asset hub looks less like trying to stand out than trying to fit in. Under rules that went into effect this month, cryptocurrency exchanges serving or marketing to Hong Kong residents must be licensed in the city. While the city is courting crypto business, it is not alone in pushing to regulate a once-freewheeling industry in the wake of disasters like the collapse of FTX last year. Experts say the
With its new cryptocurrency rules now in effect, Hong Kong's strategy to become a global virtual asset hub looks less like trying to stand out than trying to fit in. Under rules that went into effect this month, cryptocurrency exchanges serving or marketing to Hong Kong residents must be licensed in the city. While the city is courting crypto business, it is not alone in pushing to regulate a once-freewheeling industry in the wake of disasters like the collapse of FTX last year. Experts say the
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