Binance Faces Challenges in Seeking to Operate in Hong Kong due to New Regulations
Binance, a cryptocurrency exchange, may face challenges in seeking to operate in Hong Kong due to new regulations requiring centralized exchanges to obtain a license to sell and market to retail investors in the city.
Obtaining a license may require significant operational adjustments, according to analysts.
Binance co-founder and CEO Zhao Changpeng recently spoke at the Hong Kong Web3 Festival.