Hong Kong SFC Grants Conditional Licenses to Four Crypto Exchanges

Description

The Hong Kong Securities and Futures Commission (SFC) has taken another significant step toward regulating the cryptocurrency sector. On December 18, 2024, the SFC announced that it had issued conditional licenses to four virtual asset trading platforms. The licensed exchanges—Accumulus GBA Technology (Hongkong) Co., Limited, DFX Labs Company Limited, Hong Kong Digital Asset EX Limited, and Thousand Whales Technology (BVI) Limited—are required to fulfill strict regulatory obligations before comm...