Hong Kong Acting Secretary for Financial Services and the Treasury, Chen Hao-lian: A bill will be submitted before year-end to bring virtual asset trading, advisory, management, and custody services under regulation
I usually assess regulatory news by asking three questions:
1. What was announced: rules that are ready to take effect, or a proposal?
2. When will it take effect: Is there a specific timeline?
3. Who will it affect: the entire industry, or only certain businesses?
This is a procedural step forward, with little short-term impact on prices.
$BTC Current price: 78352.
I usually assess regulatory news by asking three questions:
1. What was announced: rules that are ready to take effect, or a proposal?
2. When will it take effect: Is there a specific timeline?
3. Who will it affect: the entire industry, or only certain businesses?
This is a procedural step forward, with little short-term impact on prices.
$BTC Current price: 78352.