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Hong Kong to keep away from FTX-like situation by transparency and supervision
Simply days after Binance CEO Changpeng “CZ” Zhao warned about the onset of better regulatory scrutiny amid the FTX collapse, the Monetary Secretary of Hong Kong known as for a stronger deal with transparency and correct supervision when coping with digital property.
Monetary Secretary Paul Chan highlighted the significance of being “regular and cautious” when selling the event of the digital asset trade in Hong Kong. A poster accompanying Chan’s submit, roughly translated to:
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