Hong Kong Plans to Regulate Crypto with New Sandbox

Reports suggest that Hong Kong’s securities watchdog has come up with new plans to regulate cryptocurrency funds and exchanges.
While it is known for being crypto-friendly, Hong Kong is still not satisfied with the amount of protection that its crypto users currently enjoy.
As a result of this, the Securities and Futures Commission (SFC) announced plans to regulate the space via its “sandbox”, reports the Financial Times. This means that they will adapt existing regulation