News Snapshot:
US-listed Chinese online brokerage firms, UP Fintech Holdings, and Futu Holdings are in regulatory troubles as China is set to roll out personal data privacy laws. A recent report revealed that the ruling will become effective from November 1. China has intensified its efforts against crypto companies, as it targeted other technology and cryptocurrency-based companies. And with the pace of the regulatory check, online brokerages could be the next in line to face a stiff challenge. In response to the report, Futu defended itself by saying that the firm has been upright when it comes to keeping laws and regulations....
