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How SEC's Actions Could Impact Crypto Regulations in Hong Kong

Hong Kong lawyer Gilbert NG has discussed how the US Securities and Exchange Commission's (SEC) actions could impact the regulatory landscape in Hong Kong. NG highlighted the contrasting treatment of Binance and Tether by the SEC, which may have repercussions for Binance's operations in Hong Kong.

There is also a disparity in the definition of securities between the US and Hong Kong, with certain cryptocurrencies being deemed security tokens in the US but not in Hong Kong. While the US lacks specific laws and regulations governing cryptocurrencies, Hong Kong has established clear rules and compliance measures for crypto businesses.

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