Hong Kong has introduced strict crypto custody rules, banning smart contracts for cold wallets and tightening security standards for custodians.
Market Analysis
This development in the Asian cryptocurrency market represents a significant milestone in the region’s digital asset evolution. This news contributes to the ongoing narrative of Asia’s leadership in global cryptocurrency adoption and innovation.
Key Implications
- Continued evolution of Asian crypto market dynamics
- Enhanced regional market maturity
- Strengthened position in global digital asset ecosystem
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