The crypto exchanges in Hong Kong (HK) will soon work under the new licensing framework.
According to a report, the regulators in Hong Kong are working to draw up a cryptocurrency framework next month.
Hong Kong’s Securities and Futures Commision (SFC) is working to issue crypto exchange license guidelines in the next month. A recent report by Bloomberg, stated that SFC or the regulator will release guidelines on the licensing regime for virtual-asset exchanges in May.
It must be noted that Hong Kong offers a developed financial system along with a business-friendly regulatory environment. This makes the city a gateway to Asia and an ideal destination for most of the companies around the globe.
SFC CEO Shares The Plan for Crypto Exchanges
In an event, its Chief Executive Officer (CEO) Julia Leung shared about their plan. She has extensive experience in financial regulation, market development and international cooperation. On April 27 she shared about, “a consultation process for
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