Hong Kong Tightens Regulatory Grip on Cryptocurrency Exchanges and Startups91.98

Hong Kong is tightening its regulatory grip on cryptocurrency exchanges and related businesses by bringing them under the purview of the Securities and Futures Commission (SFC), as reported by Asia Nikkei Review on Dec. 17.

While part of Chinese territory, Hong Kong follow a different judicial approach to the Mainland. The treatment has resulted in hundreds of token issuances, exchanges, and other crypto-related businesses setting-up shop in the city-state.

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