Crypto Exchange Regulations are Coming to Hong Kong

6th November 3 e1573026865937 640x400

Financial regulators in Hong Kong will introduce clear cut rules to govern the operations of cryptocurrency exchanges. Meanwhile, reports show that fund managers continue to struggle with the stringent requirements for crypto investment in Hong Kong. SFC To Regularize Hong Kong Cryptocurrency Exchange Scene According to , Hong Kong’s Securities and Futures Commission (SFC) is ready to introduce a regulatory framework for cryptocurrency exchanges in the city. Speaking at a fintech conference on Wednesday (November 6, 2019) in Hong Kong, Ashley Alder, head of the SFC remarked: The framework will enable virtual asset trading platforms to be regulated by the SFC, a major development which builds on a way forward I outlined at the same time last year. Back in 2018, reported that cryptocurrency exchanges in Hong Kong were coming under increased regulatory scrutiny. At the time, the SFC revealed that it was developing a new approach to overseeing the…

Read the original article here