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<<< HK regulator said cryptocurrency-trading companies would need to getting licenses >>>

Hong Kong’s securities regulator, the Securities and Futures Commission:said cryptocurrency-trading companies would need to leave the city if they don’t plan on getting licensesAnd released proposed new rules including:would require crypto exchanges to ringfence customer depositsput controls in place to keep crypto keys securemake sure that no more than 2% of customer funds are stored in a so-called “hot wallet” SFC flagged a June introduction of new rules.