China Cracks Down on Tiger Brokers, Futu & Longbridge — CEXs and On-Chain US Stock Trading Could Be the Big Winners!

China's securities regulator, the CSRC, has announced penalties against three major cross-border brokerages — Tiger Brokers (NZ), Futu Securities (HK), and Longbridge Securities (HK) — for operating unauthorized securities trading, marketing, public fund sales, and futures brokerage services in…