>"Industry actors have warned that retail traders will just use unlicensed or overseas crypto platforms instead."

>"Industry actors have warned that retail traders will just use unlicensed or overseas crypto platforms instead."

"Already in the status quo it is very difficult for Hong Kongers to find a legitimate platform, and buying Bitcoin often requires carrying cash. There is no reason why Hong Kong should not have access to platforms of the likes of Coinbase or Cash App, which other FATF members consider safe and in compliance with anti-money laundering regulation."

"Crypto industry concern mounts ahead of the likely introduction of a bill to ban retail traders from cryptocurrency activities in Hong Kong."