Zhonghui Cai, an official from the Securities and Futures Commission (SFC) of Hong Kong, explained during the airtime that the regulation of virtual asset providers faces challenges such as cybersecurity, surety of clients’ assets and potential conflict of interest between platforms and clients. Previously, Cointelegraph reported that while the guidelines will become effective in June 2023, the SFC has not approved any virtual asset trading platform servicing retail investors.
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Source: Cryptocurrency - investing.com
