Hong Kong: is China behind the new crypto regulations?

Source: digitalcoinowner.org digitalcoinowner.org

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TOPICS: Bitcoin News Breaking Bitcoin News China crypto Crypto Exchange crypto news crypto regulation Hong Kong Posted By: Bitcoin News November 5, 2020 Apparently, it will soon be mandatory for crypto exchanges in Hong Kong to apply for a license from the supervisory authority SFC. The pressure from China could well be behind the new regulation. According to a report by Reuters news agency, there is a change of course in Hong Kong. Accordingly, all platforms that trade in cryptocurrencies are subject to regulation. The city’s market overseer announced this on Tuesday. So far, the “opt-in” procedure has applied in...