News Snapshot:
The government of the Special Administrative Region of Hong Kong appears to be preparing for a crack down on unregulated crypto futures exchanges as part of a broader push for better regulation of the cryptocurrency markets. Messari researcher Mira Christanto noted that this could have a global impact on the crypto derivates market, as Hong Kong is a major futures hub. All Hong Kong crypto businesses would have to comply with AML rules While the Hong Kong Securities and Futures Commission (SFC) stated in 2019 that it would only regulate companies offering assets that fall under the legal definition of...
