HONG KONG SECURITIES TRADE GROUP PROPOSES INITIAL COIN OFFERING PORTAL

Summary from the TLDR Crypto newsletter

The Hong Kong Securities & Futures Professionals Association has proposed creating an ICO portal for the city. ICOs emerged as a fundraising method after Ethereum launched in 2015 but later faced a crackdown due to violations of securities rules. Given the shifting market sentiment and the competition amongst cities to become crypto hubs, some jurisdictions are reconsidering their harsh stances on ICOs.