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The China Securities Regulatory Commission has officially taken action.
It plans to confiscate all illegal proceeds from the three brokerages Tiger Securities, Futu, and Changqiao, both within and outside China, on the grounds that they illegally carried out cross-border business and disrupted market order.
This is no small matter. The three brokerages mainly serve domestic users by opening Hong Kong and U.S. stock accounts, and now they have been directly classified as illegal, with all illegal proceeds to be confiscated.
Wait for updates to follow.
$BTC #btc