Conversation

SBF
@SBF_FTX
3) In general a lot of the answer here is "we'll see". As
@AdamScochran
notes, the SFC hasn't yet come out with the new policy, just noted that there _will be_ one. So take everything here with a grain of salt.
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SBF
@SBF_FTX
4) There are a number of interesting distinctions here. What applies to HK _customers_ vs HK _exchanges_? What does it mean to be in HK? And who, exactly, *is* in HK?
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SBF
@SBF_FTX
5) It's often pretty opaque to people where an exchange really is. Sometimes it's opaque to an exchange itself.
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SBF
@SBF_FTX
6) Which jurisdiction has the most employees? Which has leadership? Where is it incorporated? The answer is different for Binance; Huobi; OKEx; BitMEX; FTX; Bybit; Bitstamp; etc.
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Joey Wong王祖兒
@JoeyWong_t3ch
Replying to
@SBF_FTX
and
@SBF_Alameda
The regulation doesn't come in a sudden. The SFC introduced an opt-in regulatory framework for crypto exchanges in November last year. A licence is expected to be needed to run a crypto currency trading platform. But i guess, there's a grey area.