A new move by Hong Kong’s securities watchdog to disclose pending licence applications by virtual trading platforms would better inform investors amid the JPEX fallout, Chief Executive John Lee Ka-chiu on Tuesday said.
The city leader’s latest remarks on the largest local fraud case of its kind were centred on a U-turn by the Securities and Futures Commission (SFC) to identify cryptocurrency firms seeking to set up trading services under a regulatory mechanism launched in June.
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