Hong Kong Enforces Strict Rules for Cryptocurrency Trading

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The regulatory authority overseeing the securities in the region has issued a directive that mandates investors in Hong Kong to engage in cryptocurrency transactions exclusively through sanctioned virtual asset trading platforms. The body is advising those who have invested in crypto via platforms not included in its authorized lists to either terminate their accounts or migrate their assets to institutions that hold the necessary licenses. It’s crucial for investors to confirm the regulatory standing of Virtual Asset Trading Platforms.

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