Hong Kong's New Regulation ‘Might’ Be Harmful for Local Crypto Industry, Experts Say
Expert comments on the situation were reported by business media Nikkei Asian Review on Monday, Dec. 17.
Timothy Loh, owner of a local law firm, told Nikkei that some entrepreneurs might decide not to participate in the new framework in order to "maintain their current shares in the market." “The requirements of the SFC initiative may prove too burdensome for some operators,” he added.
Other speakers cited by Nikkei believe that higher trading costs could discourage institutional investors from entering the market, which could work against the plans to stabilize Read completely...