Liang Fengyi: Hong Kong will relax licensed cryptocurrency trading platforms' access to the global funding pool.

According to the Securities and Futures Commission (SFC) of Hong Kong, the Chief Executive Officer, Ashley Alder, announced that Hong Kong plans to relax regulations to encourage cryptocurrency trading activities. Cryptocurrency trading platforms registered with the SFC will be able to connect local entities to their global order books, breaking the current closed model that only uses orders within Hong Kong and making cryptocurrency trading comply with regulations applicable to traditional assets. The regulatory guidance will be released later today (November 3rd).