Unlike crypto rules in neighboring Hong Kong, the bill doesn’t take a strong position on derivatives or stablecoins. It does, however, acknowledge that derivatives linked to virtual assets have unique characteristics (perpetual contracts are mentioned specifically) that may not fully align with traditional financial regulations, opening the door to crypto derivative-specific regulation in a later draft.
Ethereum’s ETH Price Rally Prompts $300M Inflows to Crypto Exchanges, Likely a Sign of Profit-Taking
Tuesday was also the third day in a row of inflows, marking a break from the general trend of decreasing...