💥 Major Regulatory Developments!
The Hong Kong Monetary Authority takes significant action: it has removed the term "private" from the Basel Committee's definition of crypto assets, meaning that crypto assets issued by both the private and public sectors will be subject to regulation!
📅 This new regulation will be fully implemented on January 1, 2026, marking a new phase in the regulation of crypto assets in Hong Kong.
🔑 The definition of crypto assets will be broader in the future, covering Bitcoin, Ethereum, stablecoins, and more; the industry must prepare for change!
