Hong Kong will require all cryptocurrency trading platforms to be regulated: SFC
[HONG KONG] Hong Kong will require all cryptocurrency trading platforms to be regulated whether or not they trade securities, the city's securities watchdog said on Tuesday.
The Securities and Futures Commission (SFC) had previously put in place an 'opt in' regulatory framework for cryptocurrency trading platforms, but these had made it possible for some trading platforms to operate away from the regulatory radar, SFC CEO Ashley Alder said in a speech.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
ADB agrees to US$5 billion funds replenishment with donors
Dollar drops as employers add fewer jobs than expected in April
HSBC has no plans to dispose of further businesses, chairman says
JPMorgan unveils IndexGPT in next Wall Street bid to tap AI boom
Morgan Stanley, Frasers settle UK lawsuit over US$1 billion margin call
Danske’s net income rises 9% helped by higher interest rates