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The put up Hong Kong Warns Towards Crypto Derivatives and Unlicensed Exchanges! appeared first on Coinpedia Fintech Information
The Hong Kong Securities Fee has warned firms working within the cryptocurrency change market, to ban derivatives and earnings providers associated to cryptocurrency throughout the nation. The fee has additionally urged unlicensed buying and selling platforms to stop operations, warning that continued exercise will probably be thought-about a prison offense. These measures goal to control the cryptocurrency market and stop fraudulent actions in Hong Kong’s monetary wants. Firms violating the rules might not be granted licenses through the transition interval.
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