Is Crypto game over in Hong Kong?

Hong Kong’s Security and Futures Commission (SFC) has shown its desire to make Hong Kong a notable hub for crypto investments and trading. The SFC has proposed new regulations for virtual asset trading platforms while also introducing a licensing regime for these platforms, it is also seeking public feedback on whether to permit licensed platforms to serve retail investors. In this article, we briefly highlight some of these new rules, their pros and what it means for us at DEFINIS, and for you our dear customers. The Hong Kong SFC proposed a strict regulatory framework in a document released on Monday 20th February 2023. Some highlights of these new rules include the introduction of a licensing regime for all virtual asset trading platforms taking effect June 2023, the SFC ordered that all crypto trading platforms in Hong Kong will need to get a valid license from the SFC. Also, to ensure transparency in services,  <a href="https://medium.com/@definis.hk/is-is-crypto-game-over-in-hong-kong-69f0b5bfa56d">Click Here</a>