The Hong Kong financial regulatory authority has just officially announced a major move: allowing locally licensed virtual asset trading platforms to share order books with overseas affiliated institutions. It seems they want to attract more volume by enhancing liquidity, but whether this strategy will succeed depends on market reactions. The entire Asia is competing for the voice in encryption trading, and Hong Kong's move is quite interesting.
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The Hong Kong financial regulatory authority has just officially announced a major move: allowing locally licensed virtual asset trading platforms to share order books with overseas affiliated institutions. It seems they want to attract more volume by enhancing liquidity, but whether this strategy will succeed depends on market reactions. The entire Asia is competing for the voice in encryption trading, and Hong Kong's move is quite interesting.