Hong Kong industry group pushes to soften CARF rules
A Hong Kong industry group is advocating for a relaxation of the Crypto Asset Regulatory Framework (CARF) rules, arguing that the current regulations could hinder the growth of the local crypto sector. The group emphasizes the need for a balanced approach that fosters innovation while ensuring consumer protection. They are calling for clearer guidelines and more flexibility in compliance requirements to attract businesses and investment to Hong Kong's crypto market. The push comes as the region aims to position itself as a leading hub for digital assets amidst increasing global competition.
Read the full article: Coin Telegraph