Top Hong Kong Leader Welcomes Coinbase, Crypto Companies

Also Read: Binance Declared “Illegal” By Nigeria SEC, Ordered To Cease Operations

Interestingly, the US SEC had mentioned at the time in its documentation that the IPO approval does not necessarily prevent it from charging businesses over violations in operations. Meanwhile, the crypto trading community went through a shock with the back to back lawsuits against two of the world’s top crypto exchanges, Binance and Coinbase.

Hong Kong Politician Invites Coinbase To Apply For Crypto License

Contrary to the regulatory environment in the United States, Hong Kong leader Johnny Ng had on Saturday wrote an open invitation to the likes of Coinbase and other crypto trading operators to come and apply for regulatory licenses in the region.

“I hereby offer an invitation to welcome all global virtual asset trading operators including Coinbase to come to HK for application of official trading platforms and further development plans. Please feel free to approach me and I am happy to provide any assistance.”

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Recently, Hong Kong made news by allowing retail investors to trade Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. As a result, there has been a rise in demand for some of the Chinese crypto coins, although not as much as anticipated.

Also Read: Bitcoin Exchange Outflow Hits 1-Month High, BTC Price Pump Incoming?

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