Hong Kong regulators to review crypto rules ‘as appropriate,’ says finance secretary

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 11 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

Policy News

Regulation,The Block,Hong-Kong

Christopher Hui, the Treasury chief, said that the regulators will 'keep in view market developments' for crypto-related regulations.

Hong Kong’s finance secretary said that the regulators will “review requirements” for cryptocurrency-related activities as necessary as the crypto industry develops.

Hui noted that licensed corporations or registered institutions can distribute crypto-related products after notifying the regulators, and they “do not need to apply for modification of licensing conditions.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong eyes DeFi, DAO spent $37M to help free Julian Assange: Finance RedefinedThe AssangeDAO core team member said this could be considered the first historical event in which the DeFi community contributed to releasing someone from prison.
Source: Cointelegraph - 🏆 562. / 51 Read more »