Coin Edition -
- Justin Sun is strengthening ties between Tether and Hong Kong.
- The Securities and Futures Commission of Hong Kong hired four more personnel.
- Sun revealed his aim to involve Huobi and Tron staff in Hong Kong.
As a result of a recent publication, the Hong Kong Securities and Futures Commission (SFC) decided to hire four additional staff members this year to “better oversee” virtual asset (VA) service providers and the activities in which these providers engaged.
This news comes when the market regulator is allegedly getting ready to implement a new licensing system to make it possible for more significant retail investments in cryptocurrencies.
It also comes at a time when the city is reportedly working to regain its position as a center for such assets in the wake of the ripple effect of FTX‘s demise, which caused a decline in asset values and a financial crisis for other businesses.
Amid these reports, Huobi is extending the push for Tether assets in Hong Kong, according to Tron`s Justin Sun.
Exactly! That's why I will move to Hong Kong. Chinese crypto market on the rise! Experts predict that China will dominate the next crypto bull market, with #TR…The post As Security Regulators Hire, Justin Sun Promotes Tether in Hong Kong appeared first on Coin Edition.