News Snapshot:
Tweet In Hong Kong, cryptocurrency exchanges will likely soon be required to be licensed by the city’s markets regulator, U.S. News reported. They’ll also only be able to provide services for professional investors. The news comes from government proposals as jurisdictions around the world look at how the crypto industry should be regulated, the report stated. Hong Kong’s Financial Services and the Treasury Bureau (FSTB) has said it thinks any virtual asset firm should be licensed, according to the report. The new proposals have drawn ire from crypto proponents, who say retail investors are important for keeping exchanges in Hong...
