Hong Kong regulators introduced on Wednesday they’ll proceed with laws for necessary licensing regimes for corporations offering crypto dealing or custody companies, following the conclusion of a public session section.
This measure expands the excellent regulatory framework town is constructing for digital property, which already consists of an ordinance for stablecoin issuers now in power and a compulsory regime for buying and selling platforms. Up to now, 11 exchanges have acquired approval from the Securities and Futures Fee (SFC).
The fast subsequent step is the formal introduction of laws for sellers and custodians. In parallel, the SFC has launched a separate public session proposing licensing regimes for crypto advisory and administration service suppliers, integrating them into the anti-money laundering framework.
Disclaimer: Crypto Economic system Flash Information are based mostly on verified public and official sources. Their function is to offer quick, factual updates about related occasions within the crypto and blockchain ecosystem. This data doesn’t represent monetary recommendation or funding advice. Readers are inspired to confirm all particulars by way of official venture channels earlier than making any associated selections.
