Happycoin.club - Hong Kong Financial Services and Treasury Minister Christopher Hui Ming Pao said retail trading of stablecoins will not be allowed until a comprehensive policy on the asset class is unveiled next year.
While Hong Kong continues to introduce cryptocurrency trading for individual investors, Hui stressed that regulations for stablecoins such as Tether or USD Coin have not yet been adopted, limiting trading of these assets for retail investors.
Hui added that the JPEX scandal in Hong Kong raised serious concerns about regulatory systems. To monitor suspicious cryptocurrency trading platforms, the Securities and Futures Commission (SFC) intends to create a “blacklist”.#trading #Investideabinance #Crypto #CryptoNews $BTC $TUSD $USDC