Hong Kong to Tighten Crypto Laws After Years of Leniency
The Hong Kong Securities and Exchanges Commission (SFC), known for being for the most lenient jurisdiction in the region for cryptocurrency regulation, is to impose tighter laws.
Read the full article at https://bitcoinnews.com/hong-kong-to-tighten-crypto-laws-after-years-of-leniency/
Since lots of young professionals in Hong Kong are dipping into their pockets and making cash available to dabble in the crypto market. They are trading these cryptos like securities more or less. Also, crypto investment frauds are becoming more rampant in the city, forcing the government to come up with mandates to regulate this nascent market.