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

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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