This regulatory crackdown demonstrates the SFC's dedication to promoting a safe and transparent atmosphere for virtual asset trading.
Gate.HK is preparing for a significant overhaul to ensure compliance with regulations and intends to resume services following the acquisition of required licenses.
On Tuesday, six newly introduced spot bitcoin and ether exchange traded funds (ETFs) in Hong Kong saw positive gains during their debut, with three bitcoin ETFs surging over 2% by midday, showcasing Asian investor interest in cryptocurrency assets.
Media tycoon Jimmy Lai, a prominent figure in the pro-democracy movement, is currently on trial in Hong Kong, facing charges related to breaching national security and colluding with foreign forces. At 76, Lai, who has been in jail since December 2020, could potentially receive a life sentence if convicted. The trial is viewed as a significant test of Hong Kong's judicial independence and has sparked international concern.
A pro-democracy campaigner who fled Hong Kong has informed his lifestyle has ended up at greater risk due to a bounty provided for his arrest.