Hong Kong-based First Digital Trust expressed hopes that the city will accelerate the regulation of the digital assets sector. Hong Kong, aiming to position itself as a global hub for cryptocurrency, currently has only two fully licensed virtual asset trading platforms: Hash Blockchain and OSL Digital Securities. Many other crypto exchanges are still awaiting full operational…

Chinese lawmakers are considering revising an earlier anti-money laundering law to enhance capabilities to ‘monitor’ and analyze money laundering risks through emerging financial technologies—including cryptocurrencies. According to a translated statement from the South China Morning Post, Legislative Affairs Commission spokesperson Wang Xiang announced the revisions on Sept. 9—citing the need to improve detection methods amid the “rapid…

According to a prominent pro-crypto attorney and Senate candidate, the Securities and Exchange Commission’s (SEC) excessive intervention in the cryptocurrency industry has resulted in retail investors losing over $15 billion. The US securities regulator has often been criticized for its enforcement-heavy regulatory regime over the cryptocurrency industry. The SEC should be held accountable for its…