[ad_1]
Hong Kong’s Securities and Futures Fee (SFC) reportedly says that just about a dozen crypto exchanges are on the cusp of getting their buying and selling licenses authorized.
The SFC’s web site confirmed on June 1st that the 11 candidates, together with the Singapore-based Crypto.com and the Hong Kong-based Bullish, are “deemed to be licensed,” in keeping with a Bloomberg report.
Hong Kong launched new digital asset trade laws final yr and set a June 1st deadline for crypto exchanges to acquire a digital asset buying and selling platform license or get the “deemed to be licensed” standing. SFC’s web site reveals that there are presently two totally licensed crypto exchanges within the particular administrative area (SAR) – HashKey Change and OSL Group.
Bloomberg additional says that solely licensed platforms, or these deemed to be licensed, shall be allowed to function in Hong Kong. Precise permits will finally be issued by the SFC to digital asset buying and selling platforms that exhibit constant compliance.
Final month, the OKX crypto trade introduced that it had pulled its utility for a digital asset buying and selling platform license and would stop working within the SAR.
In late February, HTX, the crypto trade related to Tron (TRX) founder Justin Solar and which was previously often known as Huobi, introduced that it had withdrawn its utility for a digital asset buying and selling platform license in Hong Kong. HTX later reapplied earlier than withdrawing the applying as soon as extra. One other crypto trade that withdrew its utility for Hong Kong’s digital asset buying and selling platform license is Bybit.
Binance, Coinbase World and Kraken didn’t submit purposes for a license.
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Verify Worth Motion
Observe us on X, Fb and Telegram
Surf The Day by day Hodl Combine
 
Disclaimer: Opinions expressed at The Day by day Hodl will not be funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any losses you could incur are your duty. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please be aware that The Day by day Hodl participates in online marketing.
Generated Picture: Midjourney
[ad_2]
Supply hyperlink
