Hong Kong to Greenlight More Crypto Exchange Licenses by Year-End

Hong Kong to Greenlight More Crypto Exchange Licenses by Year-End

Hong Kong's Securities and Futures Commission (SFC) announced plans to authorize additional cryptocurrency exchange licenses before the year ends, emphasizing strict compliance standards. The regulatory body issued a licensing framework requiring exchanges to meet benchmarks on anti-money laundering (AML) measures, investor protections, and secure asset custody. Following an extensive five-month inspection, the SFC noted that some digital ass...

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