Hong Kong bans retail trading of digital currencies, requires crypto exchanges to be licensed in crackdown on fraud, money-laundering

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The Hong Kong government is aiming to ban retail investors from trading in cryptocurrencies and force exchange operators to obtain licenses, in a move that promises to end an era of largely unregulated trading of digital assets, according to officials.

November 3, 2020

E6 Team

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Episode Six provides financial institutions with solutions for legacy payment stacks that aren’t fulfilling the needs of an expanding industry. We are a global provider of enterprise-grade payment technology and ledger management infrastructure for banks that need to keep pace with disruptors and evolving consumer preferences.

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Hong Kong bans retail trading of digital currencies, requires crypto exchanges to be licensed in crackdown on fraud, money-laundering

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E6 Team

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