Key Takeaways The Hong Kong Securities and Futures Commission (SFC) is preparing to grant additional licenses to cryptocurrency businesses by the close of 2024, according to an October 7 report from local news outlet Hong Kong 01. This comes after…
Despite the fact that the May 31 deadline has passed, HKDAEx has been awarded a fresh digital asset exchange license by the Hong Kong SFC.
Key Takeaways The Securities and Futures Commission of Hong Kong (SFC) has raised alarms over seven cryptocurrency trading platforms operating without the required licenses. This move is part of a broader effort to curb the risks associated with scams and…
Key Takeaways Global cryptocurrency exchanges are exiting Hong Kong owing to the stringent regulatory requirements set by the Securities and Futures Commission (SFC). As of June 1, operating an unlicensed virtual asset trading platform (VATP) in Hong Kong is a…
Key Takeaways The Hong Kong Securities and Futures Professionals Association (HKSFPA) is calling for independent self-regulatory organizations (SROs) to oversee the crypto industry, arguing that the current system is tilted too heavily towards supervision and stifles innovation. “The Hong Kong…
In Hong Kong, applications for Exchange Traded Funds (ETFs) specializing in Bitcoin (BTC) and Ethereum (ETH) have been approved.
Major local cryptocurrency exchanges have been impersonated by phony websites, which the SFC has detected and prohibited.
In less than two months, the Hong Kong SFC received 18 applications for crypto licenses from domestic and international participants.
Key Takeaways Amidst the tightening regulations in Hong Kong’s cryptocurrency landscape, the Securities and Futures Commission (SFC) and local law enforcement have raised alarms regarding a suspected fraudulent activity involving an entity posing as a virtual asset trading platform. The…
Key Takeaways Bybit, a major player in the cryptocurrency exchange arena, is making strides in securing regulatory approval in Hong Kong. The exchange has recently applied for a Virtual Asset Trading Operator (VATP) license from the Hong Kong Securities and…
