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a charge sheet has been filed, and a case is now being prosecuted.</li><li>How much token supply is in circulation, how much trading volume is there, how much liquidity is there, and on which exchange is it available?</li><li>The token should be at <b>least 12 months old</b>.</li><li>How many validators are there in the network and how <b>secure is the blockchain </b>on which the token has been launched or the protocol that is using the blockchain? It will be determined whether or not there were <b>any network vulnerabilities</b>.</li><li>How long has the token been in development and <b>how many milestones </b>have been met? Partnership, strategy, marketing, and business will all be based on milestones.</li><li>How is the token <b>marketing going </b>on? How the project was advertised earlier and how it is presently running. Are they deceiving the investors by making <b>false promises</b>?</li></ol><ul><li><i>Here, the hype, meme, and shitcoins have been canceled since they misled people.</i></li></ul><h2 id="f7b9">Verified Vs Removed</h2><p id="e293">Tokens that wish to be listed in Hong Kong must meet all of these conditions and submit them to the SFC. After submission, the listing will be verified, and if anything goes wrong during the verification, the listing will be removed. If any of the conditions is violated after listing, it will be delisted.</p><p id="c9e2" type="7">A framework has been created, and it will be strictly followed.</p><figure id="3e56"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/0*nu64eqldz84KyERN"><figcaption>Photo by <a href="https://unsplash.com/@jacques_dillies?utm_source=medium&utm_medium=referral">Jacques Dillies</a> on <a href="https://unsplash.com?utm_source=medium&utm_medium=referral">Unsplash</a></figcaption></figure><h1 id="892b">Supply</h1><p id="261f">Here, the distribution of supplies will also be reviewed.</p><p id="0294">When whales or teams control 80–90% of the supply in several Altcoins, there will be a distribution issue. Tokens with this type of distribution will not be listed.</p><ul><li>When supply distribution is fair, the token will be considered excellent, and retailers should have more supply.</li><li>The use case of the token, the vesting schedule, and the source of the token’s value will all be investigated in Tokonomic.</li></ul><h2 id="ffa4">After Reviewing All of This, You May be Wondering What Advantage We Will Gain from It…</h2><h2 id="f84f">Nations</h2><p id="bc76">Regulation will undoubtedly be implemented in several nations over time. Preparations are being made to introduce regulation to the <b>United States; at that point</b>, if we commerce in a regulated environment, we will know which currency is safe and which coin is worthwhile for our participation.</p><p id="307a">Now it will not be easy to invest as much as before, you will have to invest after learning a lot. Many countries have imposed crypto regulations before the next bull run, therefore now is not the time to take investment decisions after listening to 2–3 influencers. <b>Hong Kong will start doing this next month, Japan and Europe have already implemented regulations, and the United States will also complete it before the next bull market.</b></p><p id="55ba" type="7">What will we do if 60% to 70% of the cryptocurrency industry is regulated?</p><h2 id="033b">Dex</h2><p id="1c58">Meme coin and other low-cap altcoins will not be allowed to trade due to crypto regulation. During this period, you will likewise be free to trade with DEX. The important question here is, are you willing to throw your entire career by investing recklessly? I think your answer will be No. If you also think the same then this kind of crypto regulation is necessary so that another incident like Luna and FTX would not happen again.</p><p id="3174">After some time there will be<b> regulated crypto and non-regulated c</b>rypto as well. Out of these, you can choose the path according to your wish.</p><p id="27b5">In the end, I would only say that before the government will select good crypto, we have to identify those.</p><p id="d73c" type="7">Clap — Share — Comment — Happily ☺</p><h2 id="81de">Disclaimer</h2><p id="7817">This is not Financial Advice. This article is meant only for educational purposes. I am just sharing my thoughts and analysis based on my many years of experience.</p><h2 id="deba">Thank You for Reading…</h2><div id="d050" class="link-block"> <a href="h

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Hong Kong’s Crypto Regulation Will Change Whole Crypto Market — 2023–24

Tradition Finance Vs Crypto | Index | Law | World

If you want to participate in Altcoin, you need to wait a little longer because the process of regulating cryptocurrency has begun in several countries. Hong Kong will implement cryptocurrency regulations on June 1.

In this article, we will go over how crypto tokens will be regulated in Hong Kong, how they will be listed on the exchange, and what the requirements for token listing will be.

By looking at Hong Kong’s crypto regulation system, we could get an idea of which tokens will be permitted when crypto regulation is implemented in nations such as the United States in the future. If we start thinking about the way Hong Kong will follow the regulation, then we will be able to collect potential coins.

Beginning

In February, Hong Kong released a draft of the Regulation. Many experts were hired to prepare this document, and adjustments were made based on everyone’s feedback. The regulations paper has now been approved, and implementation will begin on June 1.

All crypto exchanges that want to provide service in Hong Kong will have to obtain a license. This license will have to be obtained from the SFC, which oversees the financial transactions of Hong Kong. In the same way that the SEC operates in the United States, the SFC (Securities and Futures Commission) operates in Hong Kong.

SFC will oversee all crypto activities, and licenses will be given. Only those exchanges that get the license after applying for it will be able to offer token trading services in Hong Kong. In addition, the SFC will select which coins will be listed on these exchanges.

The exchange will have no authority in this situation.

Photo by Richard van Wijngaarden on Unsplash

Index ( Indices )

There will be two types of listings for large-cap tokens. Similar to the S&P 500 index, indexes for big-cap coins will be created. The Large Cap Index will initially include Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Polkadot, Solana, Cardano, Avalanche, Polygon, and Chainlink. Any cryptocurrency exchange can create two different indexes there. One of the two independent indexes will be developed only by the exchange that has expertise in creating indexes in the traditional (stock) market.

Here people will also be able to participate in the index.

The due diligence procedure will be conducted on the coins chosen from the index.

Let us go through in detail what the SFC will check during this Due Diligence.

If a token is being developed for a country’s security, it will not be listed. Security tokens are clearly prohibited.

Criteria for Token Eligibility

What will be considered while determining a token’s eligibility is quite interesting.

What is the profile of the token development team?
How is the project’s development going?
Does the project have sufficient funds to last in the long run, or is it a sustainable model?
What is the regulatory status of the tokens for which listing applications have been submitted in other countries? It means that some token has been prohibited in some countries, a charge sheet has been filed, and a case is now being prosecuted.
How much token supply is in circulation, how much trading volume is there, how much liquidity is there, and on which exchange is it available?
The token should be at least 12 months old.
How many validators are there in the network and how secure is the blockchain on which the token has been launched or the protocol that is using the blockchain? It will be determined whether or not there were any network vulnerabilities.
How long has the token been in development and how many milestones have been met? Partnership, strategy, marketing, and business will all be based on milestones.
How is the token marketing going on? How the project was advertised earlier and how it is presently running. Are they deceiving the investors by making false promises?

Here, the hype, meme, and shitcoins have been canceled since they misled people.

Verified Vs Removed

Tokens that wish to be listed in Hong Kong must meet all of these conditions and submit them to the SFC. After submission, the listing will be verified, and if anything goes wrong during the verification, the listing will be removed. If any of the conditions is violated after listing, it will be delisted.

A framework has been created, and it will be strictly followed.

Supply

Here, the distribution of supplies will also be reviewed.

When whales or teams control 80–90% of the supply in several Altcoins, there will be a distribution issue. Tokens with this type of distribution will not be listed.

When supply distribution is fair, the token will be considered excellent, and retailers should have more supply.
The use case of the token, the vesting schedule, and the source of the token’s value will all be investigated in Tokonomic.

After Reviewing All of This, You May be Wondering What Advantage We Will Gain from It…

Nations

Regulation will undoubtedly be implemented in several nations over time. Preparations are being made to introduce regulation to the United States; at that point, if we commerce in a regulated environment, we will know which currency is safe and which coin is worthwhile for our participation.

Now it will not be easy to invest as much as before, you will have to invest after learning a lot. Many countries have imposed crypto regulations before the next bull run, therefore now is not the time to take investment decisions after listening to 2–3 influencers. Hong Kong will start doing this next month, Japan and Europe have already implemented regulations, and the United States will also complete it before the next bull market.

What will we do if 60% to 70% of the cryptocurrency industry is regulated?

Dex

Meme coin and other low-cap altcoins will not be allowed to trade due to crypto regulation. During this period, you will likewise be free to trade with DEX. The important question here is, are you willing to throw your entire career by investing recklessly? I think your answer will be No. If you also think the same then this kind of crypto regulation is necessary so that another incident like Luna and FTX would not happen again.

After some time there will be regulated crypto and non-regulated crypto as well. Out of these, you can choose the path according to your wish.

In the end, I would only say that before the government will select good crypto, we have to identify those.

Clap — Share — Comment — Happily ☺

Disclaimer

This is not Financial Advice. This article is meant only for educational purposes. I am just sharing my thoughts and analysis based on my many years of experience.