Hong Kong’s government aims to tighten regulation of virtual assets trading, such as bitcoin. Photo: Shutterstock Hong Kong’s government aims to tighten regulation of virtual assets trading, such as bitcoin. Photo: Shutterstock
Hong Kong’s government aims to tighten regulation of virtual assets trading, such as bitcoin. Photo: Shutterstock

Hong Kong bans retail trading of digital currencies, requires crypto exchanges to be licensed in crackdown on fraud, money-laundering

  • The new regulations, if they get the green light, promise to bring the curtain down on an era of largely unregulated cryptocurrency trading in the city
  • Industry players expect the stricter licensing regime will lead to consolidation as some exchange platform providers exit the local market

Topic |   Digital currencies
Hong Kong’s government aims to tighten regulation of virtual assets trading, such as bitcoin. Photo: Shutterstock Hong Kong’s government aims to tighten regulation of virtual assets trading, such as bitcoin. Photo: Shutterstock
Hong Kong’s government aims to tighten regulation of virtual assets trading, such as bitcoin. Photo: Shutterstock
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