Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Bitcoin hit above $50,000: What's your thought on cryptos?
Views 177K Contents 57

$Futu Holdings Ltd (FUTU.US)$ there was announcement in chin...

$Futu Holdings Ltd(FUTU.US)$ there was announcement in chinese news that legislation passed China’s Data Security Law, which is more or less version of GDPR (EU), PDPA (SG), CCPA(USA). As all of FUTU subsidiaries have to deal with data privacy anyway and are regulated as broker, we can say that FUTU shouldn’t be affected, because as any financial organisation is already regulated to obtain licenses.

Hope futu can get crypto license in HK, Singapore and soon penetrate USA and kick $Robinhood(HOOD.US)$ butt , because FUTU offers DMA (direct market access ), unlike HOOD with order flow and selling the orders to market makers.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
14
+0
7
Translate
Report
25K Views
Comment
Sign in to post a comment
42Followers
12Following
283Visitors
Follow