News Snapshot:
TL;DR Breakdown: Crypto exchanges have warned of the possible risks retail investors in Hong Kong might face if banned. They argued that most of them will move to oversee and unregulated platforms to trade crypto. Just when cryptocurrencies are seeing increases in market value amid the growing rate of institutional adoption, Hong Kong is looking to ban retail investors and traders in the country from accessing cryptocurrencies. A group of major crypto exchanges warned today that such development might result in an increase in financial crimes, as some investors will shift to oversee and unregulated platforms to trade crypto. Crypto...
