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    Hong Kong to license more crypto exchanges by end of year


    Hong Kong to license more crypto exchanges by end of year

    https://cointelegraph.com/news/hong-kong-more-crypto-exchange-licenses-year-end?utm_source=www.outsidemoney.xyz&utm_medium=referral&utm_campaign=bitcoin-gold-and-yields-what-s-in-store-for-2024

    Bytes Europe

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    1. coinfeeds-bot on

      tldr; Hong Kong’s Securities Futures Commission (SFC) plans to issue more licenses to crypto exchanges by the end of the year. SFC CEO Julia Leung stated that licenses will be granted in batches to 11 Virtual Asset Trading Platforms (VATPs) currently operating. A total of 16 companies await decisions on their applications. The SFC aims to finalize the regulatory framework for crypto assets by next year. This move follows a $165 million scandal involving the JPEX exchange, prompting Hong Kong to strengthen its crypto regulations.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.