Hong Kong Reverses Course On Cryptocurrencies With Retail Ban - Nikkei Asia

by asia.nikkei.com posted 7months ago 58 views
HONG KONG -- Hong Kong looks to stop retail investors from buying and selling cryptocurrencies, as well as require operators of exchanges for such trading to be licensed. The city said the move would bring its rules targeting money laundering and terrorism financing in line with global standards. But it marks a drastic change of course from a largely hands-off stance toward cryptocurrency that saw Hong Kong become one of the first cities to host crypto ATMs in 2014.

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