🚨 Big move from Hong Kong 🇭🇰
Hong Kong is going all-in on crypto regulation — and not just for stablecoins. The government is rolling out a full licensing framework that covers everyone in the crypto pipeline: exchanges, OTC desks, custodians, and storage providers. $BTC
The goal? Build a truly institutional-grade crypto hub. Firms will need to meet strict capital requirements, top-tier security standards, and serious AML compliance if they want to operate there. No shortcuts. $ETH
Market watchers think this is a strategic play. By clearly defining the rules, Hong Kong could become the main gateway for Asian institutional money, offering a regulated “safe haven” for digital assets at a time when rules are tightening globally. $XPL
Smart positioning or over-regulation? 👀
