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Hong Kong's New Crypto Regulation: Will It Attract the Industry? - Ep. 505
Unchained
The SFC's Consultation on Retail in Hong Kong
The FSCC under King Ao and Rocky Tong undertook a review of the digital asset business. Later when Chris Horry became the new secretary for financial services, he took a very big interest in this area. So by 2021, there was discussions of whether or not to allow retail. At that time, again, the door slammed and they stopped allowing retail to trade. But then just last year, as you saw with the consultation conclusion, there was a vast sea chain. And I think what really was the major decision maker was that John Lee came into power. He worked with the new administration to speak to China to allow Hong Kong to be the regulatory sandbox. As such, the SFC also
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