The Sydney-based crypto exchange is eyeing an expansion to Hong Kong in the “next few months” according to an interview with Lasanka Perera, the CEO of its Singapore operations.
Having had a solid foundation in Singapore for the past decade, Perera says that the firm is now looking for other hubs and is currently applying for a license to operate in Hong Kong. Perera cited Hong Kong’s advantage as an “active financial hub with deep capital markets.”
Towards the end of October last year, the Monetary Authority of Singapore (MAS) enacted an overhaul on its crypto regulations which introduced tighter restrictions and discouraged retail trading. Perera commented on how these restrictions caused a significant drop in Independent Reserve’s business, forcing the exchange to focus more on wealth management and Web3 payment segments. Perera also notes the conservatism
Around the same time, Hong Kong announced an easing up on its regulations, culminating in the announcement just la
We współpracy z: https://cryptodaily.co.uk/2023/06/independent-reserve-eyes-expansion-to-hongkong
