The digital assets industry in Hong Kong is faced with an increasingly hostile regulator, and strict quarantine laws make the City uncompetitive for international business.
Exchange’s subsidiary in the region names new CEO after becoming registered by local regulators.
Get your macro fix with Blockworks’ own Mike Ippolito and co-host, Mark Yusko.
Affiliate of Hong Kong-based company looks to create products, boost relationship with CFTC through combination.
The news comes as regulators around the world have moved to bring further oversight to the cryptocurrency industry.
“We always look to work closely with our customers and regulators to address their security-related concerns,” Sam Bankman-Fried, CEO of FTX told Blockworks. “Our first priority is the users, and the same is true of Liquid.”
Venture capitalist said getting regulators to set more rules ‘opens up the floodgates’ for crypto demand
While federal lawmakers struggle to agree on crypto regulation, states are taking the lead and exchanges are bracing for a crackdown.