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Hong Kong’s proposed crypto exchange rules could hamper volume, trigger consolidation say industry players

Hong Kong’s proposed crypto exchange rules could hamper volume, trigger consolidation say industry players

Quick Take

  • The Hong Kong government has proposed to require crypto exchanges to obtain a license within 180 days after the policy takes effect 
  • A licensed crypto exchange under the proposed licensing regime can only target professional investors at initial stage
  • Some says such a move may suffocate trading volume and pigeonholes crypto assets as speculative instrument

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Author: Wolfie Zhao