Hong Kong Regulator Prepares to Grant Approvals to Licensed Crypto Exchanges
Monday, 3 June 2024, 11:38
Update on Crypto Exchanges in Hong Kong
The Securities and Futures Commission (SFC) in Hong Kong has recently classified 11 crypto exchanges as 'deemed to be licensed.' This move signals progress towards granting official approvals to these exchanges.
Uncertain Situation for Six Operators
The status of six operators remains unknown amid the regulatory developments in the region.
Impact of China-Linked Exchange Withdrawals
- The withdrawal of China-linked exchanges has changed the crypto landscape, prompting regulatory shifts in Hong Kong.
This update suggests a notable advancement in the process of issuing approvals to crypto exchanges, with implications for the industry and market stability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.