Core Content and Impact of Cryptocurrency Legislation in the United States and Hong Kong
Recently, both the United States and Hong Kong have introduced significant legislation in the cryptocurrency sector. Although we regular folks are not all financial experts, these policies are closely related to our wallets and lives! Today, let's break it down and have a chat~
1. United States (21st Century Financial Innovation and Technology Act)
(1) Core content
In simple terms, the United States is establishing rules for the cryptocurrency market. It clarifies what digital assets are, so different regulatory agencies don't keep passing the buck; it separates some crypto assets from the traditional securities definition, and also specifies how to operate compliantly in trading and sales. In the future, it will be clearly stated who will regulate cryptocurrency intermediaries and how they can register.