Friday, 24 March, 2023

Hong Kong Government Proposes Comprehensive Regulatory Framework for Digital Assets

<p>The Hong Kong government proposes a new regulatory framework to cover all digital asset trading activities, including cryptocurrencies, exchanges, and custodian wallets. The proposal aims to enhance investor protection, combat fraud and money laundering, and promote innovation in the crypto industry. If approved, the framework will become effective in six months, and crypto exchanges will have to obtain licenses to operate in Hong Kong.</p>