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Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan. The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He bought the Miss Universe brand of beauty pageants in 1996, and sold it in 2015. He produced and hosted The Apprentice, a reality television series, from 2003 to 2015. As of 2020, Forbes estimated his net worth to be $2.1 billion.[
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China Beijing Hong Kong city Hong Kong innovations rules China Beijing Hong Kong city Hong Kong

New cryptocurrency licensing rules kick in for Hong Kong’s retail investors

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HONG KONG: New cryptocurrency rules took effect in Hong Kong on Thursday (Jun 1), allowing exchanges to service retail customers if they secure and comply with licences aimed at bolstering investor protection.The new regulatory framework came amid tighter scrutiny on major cryptocurrency exchanges after a series of high-profile failures, such as the crash of trading platform FTX.Virtual assets trading platforms wishing to operate in Hong Kong must now adhere to a raft of measures, including ensuring safe custody of assets, avoiding conflicts of interest and complying with cybersecurity standards.Exchanges must also assess and set up exposure limits for retail investors, and only allow trading in highly liquid tokens.

Crypto exchanges have a one-year transition period to obtain a licence from the Securities and Futures Commission (SFC).As crypto trading is currently banned in China, operators must not accept retail traders from the mainland.China has backed the city's push to become a virtual assets hub, despite Beijing's crackdown on crypto trading in 2021, which had spooked market players in Hong Kong.However, observers said Hong Kong has a different regulatory regime that is well respected by international investors.“Capital flows in and out of Hong Kong are completely free.

International investors who want to purchase mainland Chinese stocks listed in Hong Kong can do so without restrictions,” said Hong Kong Baptist University’s business school professor Aris Stouraitis.  “The central government has been using Hong Kong to pilot a number of schemes in financial services.

I don't think there is anything for investors to worry about.”  Hong Kong Monetary Authority chief Eddie Yue said the city wants to give the

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