Some Good Regulation, Finally
The Securities and Futures Commission of Hong Kong published a proposal which would require exchanges to get a license and freely offer trading of 'larger' and more 'solid' crypto assets such as Bitcoin and Ethereum.
This proposal wants exchanges operating in Hong Kong to do more due diligence on the coins they would potentially offer their retail customers, assuring both exchange and customer are more educated before trading any crypto.
Learn to Earn Style
Coinbase had it right when offering mini quizzes and learning material on assets which they offer.
- Take a short 5-10 minute lesson.
- Pass the Quiz.
- Earn Crypto!
This model should become a standard for crypto exchanges, because most of the time, retail investors have no idea what they are buying into, like at all.
Regulation Can Be Good
With educated people leading regulation, only good can come out of it.
Hong Kong making this proposal is not pushing crypto away, it is doing the opposite.
- Keep exchanges educated on what they offer
- Keep exchange customers educated on what they buy
Keep small marketcap coins off exchanges, and offer the more established coins on.
We think this is a good step in the right direction!
Happy HODL'ing!
