GDF has warned that retail traders will move to unregulated platforms due to new rules
by Rushali 
Global Digital Finance ( GDF ) has warned Hong kong that if they impose the new regulations then it will force the traders to move to unregulated platforms.
Hong Kong’s Financial Services and the Treasury Bureau (FSTB) has announced in November that they have a new framework that will put all digital asset exchanges under the oversight of the Securities and Futures Commission and limit trading in cryptocurrencies to professional investors only.
If the framework is implemented then the retail investors will move to other platforms that are unregulated.
Global Digital Finance (GDF) is an industry body representing cryptocurrency firms including OKCoin, BitMEX, and Coinbase. They also added that this will increase the financial risk for the retail investors.
