Exempted executives are still required to observe self-isolation rules if they arrive from ‘high-risk’ areas. They must be fully vaccinated and also produce negative Covid-19 test results before arriving in Hong Kong.
Hong Kong to restrict crypto bourses to professional investors
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Last Updated: May 22, 2021, 03:49 PM IST
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Governments and financial regulators around the world are still assessing whether and how they should regulate the cryptocurrency industry.
Reuters
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HONG KONG, : Cryptocurrency exchanges operating in Hong Kong will have to be licenced by the city s markets regulator and will only be allowed to provide services to professional investors, according to government proposals published on Friday.
Governments and financial regulators around the world are still assessing whether and how they should regulate the cryptocurrency industry. Investor protection and preventing money laundering are particular concerns.
Representations of the virtual currency Bitcoin stand on a motherboard in this picture illustration taken May 20, 2021. REUTERS/Dado Ruvic/Illustration
HONG KONG: Cryptocurrency exchanges operating in Hong Kong will have to be licenced by the city s markets regulator and will only be allowed to provide services to professional investors, according to government proposals published on Friday.
Governments and financial regulators around the world are still assessing whether and how they should regulate the cryptocurrency industry. Investor protection and preventing money laundering are particular concerns.
Cryptocurrencies such as bitcoin and ether have been on a roller-coaster ride this week which has raised further questions about their potential as mainstream investments.
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