New Rules for Crypto Trading in Hong Kong
The respective SEC in Hong Kong announced new rules that will be implemented in crypto trading platforms and overall servicers in the crypto world.
This would be done as an active license could be redeemed for every platform which is active in Hong Kong and will focus more in investors’ protection and raising protective barriers for their accounts.
Under the new measures, it will be an obligation from the platforms to audit the offered tokens while they should make more and more audits in the developed smart contracts in their platforms. The currencies should also be monitored for investors’ protection.
All of those would be implemented from March 31st but the strict deadline would be effective from June 1st 2023.