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Hong Kong’s retail crypto rules: how they work, mainland China’s involvement

Inside China

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Introduction

On Wednesday, the world's third biggest crypto exchange, FTX collapsed. It wiped out the entire $16 billion US dollar fortune of its founder Sam Bankman Fried. Hong Kong government is about to go all in on cryptocurrency trading. But this time, with new rules and regulations, it says will prevent a repeat of an FTX-style disaster.

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