Hello! I'm Alice Amber. You're watching
Crypto market news.
Hong Kong's securities watchdog issued a statement setting out new rules for cryptocurrency funds, Bloomberg reports.
Funds managers that
invest more than 10% of their portfolio
into crypto assets will need to be
licensed, the Securities and Futures
Commission said. Trading platforms that
serve only professional investors can
opt to move into so-called "sandbox" where there will be free to
experiment subject to anti-money
laundering and other rules.
How do you think, would these shifts in Hong Kong transforme in a formal regulatory environment in China?
Leave your opinion in a comment section below.
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