The Hong Kong regulator emphasized that they will support the development of the cryptocurrency ecosystem, but will take a strict stance on regulations.
Recently, cryptocurrencies support And constructive with steps From the Hong Kong front, which created the agenda, remarkable statements regarding the regulations came. Chief Executive of the Hong Kong Monetary Authority Eddie Yuereiterated the country’s stance on cryptocurrencies in a statement at the Bloomberg Wealth Asia Summit.
yue, banks More on serving crypto clients for guidance While stating that the preparations for retail investor participation recently will result explained. Yue believes that the legal framework that encodes crypto rules transparency And sharpness He stood on what he was going to bring. For crypto exchanges licensing of applications June 1It is expected to come into operation in .
Hong Kong’s cryptocurrency ecosystem their doors that you opened reminding Yue, still on the arrangements that you’ll hold the strings tight highlighting a new FTX He added that his case will not be allowed:
We’re going to let them create the ecosystem here, and that actually brings a lot of excitement. But that doesn’t mean light-touch editing. Our regulations will be strict. Thanks to these strict regulations, a repeat of an FTX-like event will not be allowed.
Hong Kong Monetary Authority (HKMA) announced last week to banks urging them to take a more open and supportive stance towards crypto money companies. on call had been found.