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Hong Kong Crypto Regulations Reject ‘Light Touch’ Approach

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.

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