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Hong Kong to restrict crypto exchanges to professional investors

Cryptocurrency exchanges operating in Hong Kong will have to be licenced by the city's markets regulator and will only be allowed to provide services to professional investors, according to government proposals published on Friday.Governments and financial regulators around the world are still assessing whether and how they should regulate the…

Hong Kong considering allowing SPAC listings

HONG KONG (Reuters) - Hong Kong is exploring whether to allow Special Purpose Acquisition Companies (SPAC) to list in the Asian financial hub, according to a government statement, indicating that a largely U.S. phenomenon could be going global. A SPAC is a blank-cheque company that raises money through an initial…