Now Reading:
Hong Kong regulators say IPOs by cryptocurrency businesses are premature
Full Article 5 minutes read

Hong Kong regulators say IPOs by cryptocurrency businesses are premature

Bitmain’s application to raise up to US$3 billion in an initial public offering (IPO) lapses on March 26, 2019

  • Hong Kong’s regulator and stock market operator have expressed their concern and reluctance to approve any fundraising plan by cryptocurrency-related businesses before proper rules are in place, sources say

Hong Kong’s stock market regulator and operator have signalled their reluctance to give their green light to an initial public offering (IPO) by the world’s largest assembler of cryptocurrency mining equipment, while a regulatory framework is still being drafted to ring-fence the disruptive technology.

 

Input your search keywords and press Enter.