Advertisements for a crypto exchange show a Bitcoin symbol at a Mass Transit Railway station in Hong Kong in October 2021. Photo: Reuters
Advertisements for a crypto exchange show a Bitcoin symbol at a Mass Transit Railway station in Hong Kong in October 2021. Photo: Reuters

Hong Kong draws lessons from FTX collapse, says regulations needed to develop virtual asset market

  • The head of the Hong Kong Monetary Authority says planned virtual asset regulations will address money laundering and protect investors
  • The government has introduced a new regulatory regime for cryptocurrencies, which currently have little oversight because they do not qualify as securities

Advertisements for a crypto exchange show a Bitcoin symbol at a Mass Transit Railway station in Hong Kong in October 2021. Photo: Reuters
Advertisements for a crypto exchange show a Bitcoin symbol at a Mass Transit Railway station in Hong Kong in October 2021. Photo: Reuters
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