Hong Kong Crypto Regulations Reject ‘Light Touch’ Approach
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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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