Regulation of cryptoexchanges in Hong Kong

On October 15^th, 2018, the head of the Securities and futures Commission in Hong Kong announced that the Commission does not intend to impose a ban on the activities of cryptocurrency trading platforms. The regulated ban will not lead to a valid termination of the platforms in Hong Kong, as transactions can easily be carried out through foreign markets.

Currently, there are already centralized crypto-exchanges in Hong Kong, which are managed by organizations that provide users with access to the platform for a fixed fee. However, such activity still remain unresolved.

The securities and futures Commission is preparing to introduce rules for regulating the cryptocurrency business in the country in the nearest time.

On materials of the following website: https://www.scmp.com/business/banking-finance/article/2168514/hong-kongs-securities-regulator-mulling-over-new-rules