The post Hong Kong Crypto Regulations Reject ‘Light Touch’ Approach appeared first on Coinpedia Fintech News
Hong Kong has warned crypto firms attracted to its efforts to establish a hub for digital assets that they ought to anticipate a stringent regulatory framework. The Hong Kong Monetary Authority’s Chief Executive, Eddie Yue stated in an interview at the Bloomberg Asia summit on Tuesday that their “light-touch” regulation will be stringent. Allowing them to establish the ecosystem in this location generates a high level of enthusiasm. However, light regulation is not necessarily implied.