Hong Kong securities regulator adds crypto personnel for industry supervision

02/06 14:25

According to Cointelegraph, regulators in Hong Kong are stepping up their game when it comes to monitoring the activities of the crypto industry. According to a Securities and Futures Commission report filed on Feb. 6, it plans to hire four additional staff to “better supervise” the activities of local virtual asset (VA) providers. Moreover, the extra oversight will help “better assess the compliance and risk” by allowing retail investors to trade virtual assets on regulated platforms. The commission wrote: “This is in response to an increasing number of operators who have expressed interest in carrying on VA activities such as trading platforms and the management of VA funds.” This comes at the onset of the introduction of a new licensing regime to allow greater retail crypto investment. Previously trading platforms licensed in Hong Kong were only permitted to serve professional investors, or investors with portfolios of at least $1 million (HK $8 million), according to regulators.
bullishbullishbullish4bearishbearishbearishBajistaMe gustaCompartir
Descargo de responsabilidadEl contenido anterior no representa las posiciones de HTX.HTX no ofrece ninguna recomendación de trading.

Artículos relacionados

  • Image

    Bit Digital Saw Ethereum’s Strategic Value Before Institutions Caught On

  • Image

    Bitcoin Correction Pushes 580,000 BTC Into Loss Territory

  • Image

    Major Bitcoin Players Drop Over A Billion In Sell-Offs While Euphoria Rocks Retail

Todos los comentarios0Lo más recientePopular

avatar
Lo más recientePopular

Artículos relacionados

  • Image

    Bit Digital Saw Ethereum’s Strategic Value Before Institutions Caught On

  • Image

    Bitcoin Correction Pushes 580,000 BTC Into Loss Territory

  • Image

    Major Bitcoin Players Drop Over A Billion In Sell-Offs While Euphoria Rocks Retail