Hong Kong Proposal to Ban Retail Crypto Traders Sees Backlash | Crypto Briefing

Key Takeaways

  • Global Digital Finance has expressed concern over proposal that cryptocurrency trading in Hong Kong should be limited to professionals. 
  • In Nov 2020, Hong Kong’s Financial Services and the Treasury Bureau (FSTB) proposed its new rules that govern how crypto exchanges operate.
  • According to GDF, limiting trading services to professional investors would create furthers issues in compliance. 

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