Hong Kong lawyer made a tacit offer to the stock market after Binance was sued by the US Securities and Exchange Commission (SEC).
Hong Kong lawyer Gillbert NG published on 7 June in the interview, of the US Securities and Exchange Commission (SEC) levy Binance from within the country through litigation forced out expressed. Attorney, this situation is Binance’s Hong Kong like another in jurisdictions licence in his application stated that it may cause
According to Gillbert’s statements, Hong Kong oversight of the SEC’s actions very little has an effect. In addition, the SEC does not have any information about the cryptocurrency sector. regulation industry, although have to edit for staying audit about a precision cannot provide. However, in Hong Kong, the current situation regarding the cryptocurrency sector to clear regulations owner.
On the other hand, Hong Kong and US laws different securities to their definitions The tokens, which are defined as securities by the USA, are in Hong Kong. probability of not getting the same recognition exists. In addition, Hong Kong is currently to security tokens opportunity to invest only to qualified investors offers.
In this context, Binance regulatory clarity the cryptocurrency industry rising star applying for a license to Hong Kong, which is seen as possible is seen.
Hong Kong leaves Web3 open
Regulatory clarity and industry-oriented Compromiser by cryptocurrency companies close to the lens taken from Hong Kong regulation about stimulating innovation said to have adopted a stance.
Hong Kong MP Wu Jiezhuang In an interview with the local press, cryptocurrency exchanges And digital asset management outside extra an arrangement that you don’t need would express. In this context, tokens not a security or not subject to futures transactions as long as will not be regulated attention was drawn. Jiezhuang made the following statements on the subject:
If you plan to make a game and issue tokens to your users, you should have no problems in Hong Kong.
SEC, Binance’s US subsidiary during the day Binance.US of their assets freezing to the court in the direction restraining order had requested.