Financial Secretary Paul Chan Mo-po has said virtual assets and cryptocurrencies are “unstoppable”.  Photo: SCMP / Sam Tsang
Financial Secretary Paul Chan Mo-po has said virtual assets and cryptocurrencies are “unstoppable”. Photo: SCMP / Sam Tsang
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

Implosion of FTX shows the need for proper regulation

  • In light of the cryptocurrency industry’s crisis, insiders can no longer claim they are above regulation or that governments just don’t ‘get it’. The hype has turned out to be just like any other financial manias of the past

Financial Secretary Paul Chan Mo-po has said virtual assets and cryptocurrencies are “unstoppable”.  Photo: SCMP / Sam Tsang
Financial Secretary Paul Chan Mo-po has said virtual assets and cryptocurrencies are “unstoppable”. Photo: SCMP / Sam Tsang
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