
Ruling leaves key exchange control questions unresolved in crypto arbitrage dispute
The case focuses attention on how the exchange control framework applies to crypto platforms that facilitate offshore trading through loans.

The case focuses attention on how the exchange control framework applies to crypto platforms that facilitate offshore trading through loans.

Until the appeal is resolved, the operation of the exchange control rules remains unchanged, and market participants should err on the side of compliance.

Legal experts anticipate a legislative response to plug the loophole and safeguard against large‐scale capital flight via digital assets.