News Snapshot:
Change is coming for Hong Kong’s digital asset markets with the Legislative Council likely to consider new regulation governing blockchain and cryptocurrencies soon. The momentum has been building for five years through the publication of white papers and statements from the Monetary Authority , Financial Services and Treasury Bureau , and Securities and Futures Commission . An analysis of these regulatory pronouncements suggests that Hong Kong will see a more professional and institutionalised digital assets market. The introduction of rules where none had existed will lead to some regulatory arbitrage , but if the approach is crafted to attract new...
