Breaking: Top Hong Kong Leader Welcomes Coinbase, Crypto Companies

Crypto Market News: Amid heightened regulatory scrutiny on crypto market ecosystem in the United States, Hong Kong Legislative Council member Johnny Ng is inviting global virtual asset trading operators to set up shop in the region. This comes after the U.S. Securities and Exchange Commission (SEC) targeting top US based crypto exchange Coinbase with charges of violating securities laws in the country. However, it is argued that the SEC was informed about the same operations when it approved Coinbase’s IPO in 2019.