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Hong Kong proposes crypto rules to protect investors post FTX
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fnlondon.comHong Kong’s securities regulator said cryptocurrency-trading companies would need to leave the city if they don’t plan on getting licenses and released proposed new rules seeking to better protect investors in the wake of the collapse of FTX.
The Securities and Futures Commission would require crypto exchanges to ringfence customer deposits, put controls in place to keep crypto keys secure and make sure that no more than 2% of customer funds are stored in a so-called “hot wallet,” which is a less secure way to hold crypto...
Read more on fnlondon.comAbout this in other media
Hong Kong’s losses to crypto scams doubled to $217M last year: Report cointelegraph.com /1 year ago
Binance launches anti-scam campaign after Hong Kong pilot run cointelegraph.com /1 year ago
China’s CBDC initiative gets cold reception from Hong Kong visitors ambcrypto.com /1 year ago
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