Hong Kong to license more crypto exchanges by end of year
Hong Kong’s Securities and Futures Commission expects to issue licenses to some of the 11 crypto firms pending registration in the region.
Hong Kong’s financial regulator, the Securities Futures Commission, says it expects to issue more licenses to crypto exchanges and digital asset firms operating in the region by the end of the year.
SFC CEO Julia Leung said she expects it to “make progress” in issuing licenses to 11 currently operating Virtual Asset Trading Platforms (VATPs) on the regulator’s list of potential licensees, according to an Oct. 6 report from local media outlet HK01.
She added that licenses would be granted in “batches” moving forward in a bid to bring crypto exchanges into compliance more easily.
Go to Source
Author: Tom Mitchelhill
Related posts:
- JPEX blames partners for ‘maliciously’ freezing funds, causing liquidity crisis
- Binance users in Hong Kong lose $450K in wave of fraud texts: HK police
- Russia to decide between blanket crypto ban and legalizing exchanges in 2022
- Rep. Tom Emmer mulls bringing back bill aimed at reducing crypto red tape