Asia’s Crypto Regulatory Clarity Contrasts With Disarray in US
- Hong Kong, Japan and South Korea rolled out fresh frameworks
- US lawmakers remain in heated debates over regulating crypto
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Asian regulators have stolen a march on the US by clarifying crypto rules, exemplified by Hong Kong’s first licenses for trading platforms under the city’s new digital-asset framework.
Hong Kong opened up to mass-market trading following confirmation Thursday that HashKey Exchange and OSL had won permits that legalize the retail trading of tokens, part of the city’s push to become a global hub for virtual assets.