In an interview with South China Morning Post, outgoing chairman of Hong Kong’s Securities and Futures (SFC), Carlson Tong Ka-shing, has said that watchdog isn't thinking about “imposing a total ban” on all crypto platforms.
“We do not think imposing a total ban on these [crypto] platforms is necessarily the right approach, and it will not work in today’s internet world when trading can cross national boundaries,” said Tong.
Tong admitted that if SFC were told to ban all of crypto platforms, transactions could still be “easily conducted in overseas markets.”
However, Tong also highlighted that in light of increasing bitcoin tradings SFC is “anxious to get some more formal cryptocurrency regulations firmly in place.”
Despite of the fact that Tong is now former chairmen, his statements are similar to the current China’s mood regarding the cryptocurrency market.
The evidence in similarities may be recent announcement of the Chinese central bank, in which states that bank is seeking specialists “with experience in blockchain and cryptography”.
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