Bitcoinist 29 Oct 2024

Race For Crypto Licenses Heats Up: Hong Kong Promises More Approvals Soon 🇭🇰

crypto asset exchanges Hong Kong Securities and Futures Commission

Hong Kong’s Securities and Futures Commission (SFC) has revealed plans to accelerate the issuance of licenses for crypto asset exchanges by the end of 2024.

Following a five-month evaluation period, only three platforms were awarded full licenses, while 11 received provisional licenses. This raised initial concerns about further approvals in the crypto sector.

The regulator's decision aims to boost confidence and expansion within the crypto exchange landscape, offering a nod to more forthcoming approvals soon.

Source: bitcoinist.com ↗

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