SFC is “Anxious” to Implement Cryptocurrency Regulation in Hong Kong

[kreslik.news]

Hong Kong’s Securities and Futures Commission (SFC) is anxious to implement formal cryptocurrency regulations, the outgoing chairman Carlson Tong Ka-shing told the South China Morning Post (SCMP), a Hong Kong English-language newspaper, in an interview on Monday.

Tong, who will step down from his position this Friday, said the regulator is currently exploring ways to regulate the number of cryptocurrency trading platforms already operating in the city.

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However, unlike China, the SFC is not leaning towards a total ban of digital assets in the city. Specifically, Tong said: “We do not ... (read more)