Hong Kong's Securities and Futures Commission to release guidelines on the virtual asset exchange licensing regime next month. Read more on CE.
- Hong Kong plans to release guidelines on virtual asset exchange licensing in May.
- Afterward, investors can trade prominent tokens such as Bitcoin and Ethereum.
- Previously, the HK government allocated $50 million to expedite Web3 development
In an event on Thursday, the Hong Kong Securities and Futures Commission (SFC)’s CEO, Julia Leung, said the regulator is set to release guidelines on the licensing regime for virtual asset exchanges next month.
This update was captured in a Bloomberg report where Leung said the move follows a consultation process by the SFC that garnered over 150 responses from the public regarding the regulatory framework that will apply to crypto exchanges.