Hong Kong Will Reduce the Number of Cryptocurrency Users to 7%
Despite the rapid development of the cryptocurrency market, Hong Kong imposes restrictions on its citizens. By the end of the year, only a few traders will be able to work with cryptocurrency investments
Only professional investors will be able to continue trading. The innovation is introduced by the Hong Kong Ministry of Finance (FSTB) and other financial institutions.
Cryptosphere has already condemned the decision of Hong Kong regulators. Many of its representatives believe that this will push retail investors into the gray market. For example, the influx of users to Huobi, BitMEX, may increase. Let's see what happens...