Wu learn that the Hong Kong government announced that all crypto companies operating in Hong Kong need to apply for licenses, and only for professional investors. This is not friendly to OK/huobi/FTX, their users are mainly retail,will FTX move?
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This is super important information!
That being said, a bunch of the details and nuances are probably a bit different.
It's not yet clear how this will play out, but e.g. the OKEx and Huobi references are mostly separate, and the comparison to Singapore is not at all clear.
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The TL;DR is that it's too early to tell here, and that the obvious easy takes are likely missing some of the texture of the situation.
FTX is incorporated in Antigua but will definitely be monitoring this!