BITPRISMIA
To receive full operational licenses, Hong Kong crypto exchanges must address regulatory issues, undergo third-party reviews, and complete recommended changes.
SFC plans to approve more Hong Kong crypto exchange licenses by the end of the year to enhance its status as a digital asset hub in Asia.
Hong Kong’s Securities and Futures Commission expects to issue licenses to some of the 11 crypto firms pending registration in the region.
This regulatory crackdown underscores the SFC's commitment to fostering a secure and transparent environment for virtual asset trading.
Gate.HK plans a major overhaul to comply with regulations and aims to relaunch services after obtaining the necessary licenses.
Crypto exchange JPEX has pointed the finger at its third-party market makers for “maliciously” freezing funds which led to the exchange being forced to hike withdrawal fees to battle a liquidity crisis.