Crypto body warns new HK law will backfire
(MENAFN - Asia Times) Hong Kong's crypto industry stakeholders are actively opposing a new law that would restrict trading to professional investors, shutting 93% of the population out of the market, the South China Morning Post reports . Global Digital Finance , a body that represents crypto exchanges including OKCoin, BitMEX, Huobi and Coinbase, told the paper that the proposed law would force retail traders to turn to unregulated platforms. In an effort to strengthen anti-money laundering and counter-terrorist financing measures in line with recommendations from the Financial Action T...