2024

Coin

<ul class="wp-block-list news-points">
 <li><strong>Hong Kong to license more crypto exchanges by 2024, enhancing regulatory compliance.&nbsp;&nbsp;</strong></li>
 <li><strong>New AI policy in finance promotes innovation while addressing regulatory challenges.&nbsp;&nbsp;</strong></li>
 <li><strong>Proposed tax breaks on virtual assets aim to boost Hong Kong’s digital investment appeal.</strong></li>
</ul>
<p>Hong Kong plans to license digital asset exchanges by the end of 2024 after a five-month review of crypto platforms. Eric Yip, Executive Director for Intermediaries at the Securities and Futures Commission (SFC), said this during Hong Kong’s Fintech Week event.</p>
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   <p lang="en" dir="ltr">Hong Kong authorities expect to license more digital-asset exchanges by the end of 2024 after completing a five-month inspection period <a href="https://t.co/S9tKPIs7uI" target="_blank" rel="noopener noreferrer nofollow">https://t.co/S9tKPIs7uI</a></p>— Bloomberg (@business) <a href="https://twitter.com/business/status/1850763248238219542?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 28, 2024</a>
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<p>According to Yip, digital asset exchanges will transition from initial permits to fully licensed status once they meet the SFC’s regulatory standards. These platforms addressed the SFC’s feedback, allocated resources to regulatory concerns, and adopted a sustainable, compliant operational model.</p>
<p>In line with these updates, The SFC will form a panel by early 2025, composed of representatives from licensed exchanges, to promote ongoing c…</p>
<p>The post <a href="https://coinedition.com/hong-kong-to-license-all-crypto-exchanges-by-year-end/" rel="noopener noreferrer nofollow">Hong Kong to License All Crypto Exchanges by Year-End</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Hong Kong to License All Crypto Exchanges by Year-End

Coin Edition

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