Hong Kong crypto exchanges that have not applied must close their doors by May 31, 2024.
Hong Kong will restrict the exchange’s ability to operate and shut down all regional marketing.
Hong Kong will soon force all non-compliant trading platforms to shut down locally, and the region has already ceased accepting licensing applications from cryptocurrency exchanges as of February 29. All Hong Kong cryptocurrency exchanges that have not applied for a license must close their doors by May 31, 2024, according to the Securities and Futures Commission (SFC) of Hong Kong.
Investors using virtual asset trading platforms are strongly encouraged by the Hong Kong SFC to “make preparations early” and switch to a company that has an operating license or has applied for one.
On December 15, 2020, OSL Digital Securities and on November 9, 2022, HashKey Exchange were officially approved as crypto trading operations in Hong Kong by the SFC. Among the 22 crypto trading platforms that s
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