On Could 23, the state broadcasting firm China Central Tv (CCTV) broadcast a section on cryptocurrency adoption in Hong Kong. As famous within the section, Hong Kong regulators “have made last preparations” for digital asset buying and selling within the particular administrative area and might be accepting purposes from digital asset buying and selling platforms.
Zhonghui Cai, an official with the Securities and Futures Fee (SFC) in Hong Kong, defined through the airtime that the regulation of digital asset suppliers faces challenges akin to cybersecurity, asset safety of shoppers and potential conflicts of curiosity between platforms and clients. Beforehand, Cointelegraph reported that whereas the rules will come into impact in June 2023, the SFC has not accepted any digital asset buying and selling platform on the service of retail buyers.
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