Hong Kong’s National Security Law Could Threaten Local Crypto Brokerages
The U.S. sanctions on financial institutions in Hong Kong could put the city’s growing crypto brokerage businesses in jeopardy.
Liquibit Capital is also said to be managed by a former Barclays Capital vice president and two current JPMorgan and Wells Fargo technicians.
Crypto hubs like Hong Kong, Singapore and Japan have a clearer regulatory picture going forward and are progressing faster than the U.S. and Europe.
The Ethereum venture studio said it will work on implementing Hong Kong and Thailand's cross-border CBDC.
OSL Digital Securities was the first crypto exchange to apply for the SFC's opt-in license last November.
Hong Kong's national security law enables the government to seize and confiscate assets if one commits a "political crime." Some local citizens are turning to stablecoins for protection, while exploring other decentralized technology to resist censorship.