China’s Offshore Trading Crackdown Could Unleash a New Wave of Crypto Capital Flight

Lockridge Okoth

(11:59 AM UTC)

1 min read

China’s securities regulator is shutting down mainland operations of major online brokers Tiger Brokers, Futu Holdings, and Longbridge over a two-year wind-down. These are online brokerage platforms based in Hong Kong and overseas that let users trade US, Hong Kong, and other global stocks from their phones.

Mainland Chinese investors flocked to them because they offered cheap, easy access to…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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