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Hong Kong's New Crypto Regulation: Will It Attract the Industry? - Ep. 505
Unchained
The Evolution of the Crypto Industry in Hong Kong
Ex-regulator of the Securities and Futures Commission says Hong Kong didn't have any rules for a crypto exchange when he joined Bitfinex in 2013. But regulators started looking at it, but they really didn't want to do anything about regulating it. The SFC put in an opt-in regulatory procedure whereby you could actually put in an application and possibly get a license. So going into 2018, 2019, almost all the major exchanges had set up in Hong Kong because of the low tax regime.
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