Coin

<ul class="news-points"> 
 <li><strong>Hong Kong is set to implement a new licensing system for virtual asset providers.</strong></li> 
 <li><strong>It aims to regulate the virtual asset industry and protect investors comprehensively.</strong></li> 
 <li><strong>Hong Kong’s regulation showcases the typical ‘one country, two systems.’</strong></li> 
</ul> 
<p>In an executive dinner in Bangkok, Liang Fengyi, CEO of the China Securities Regulatory Commission (CSRC), announced that Hong Kong’s new licensing system for virtual asset service providers <a href="https://coinedition.com/hong-kong-sfc-puts-crypto-exchanges-on-notice-with-new-regulations/">will be implemented this month.</a>&nbsp;</p> 
<p>The regulatory framework aims to comprehensively cover all aspects of virtual assets, ensuring investor protection while addressing the risks faced by financial institutions.</p> 
<p>Collin Wu, a prominent Chinese report, brought the development to the crypto community.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Leung Fung-yee, chief executive of the Hong Kong Securities Regulatory Commission, said that the goal is not to make Hong Kong a cryptocurrency trading hub, but also recognizes that crypto trading is an important part of the virtual asset ecosystem. <a href="https://t.co/3qzPV5wnjF" target="_blank" rel="nofollow">https://t.co/3qzPV5wnjF</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1672449112892149760?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 24, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>During her speech, Liang Fengyi acknowledged the challenges faced by the crypto market in the past year, including the…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/hong-kong-to-introduce-new-licensing-for-crypto-exchanges-this-month/">Hong Kong To Introduce New Licensing for Crypto Exchanges This Month</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Hong Kong To Introduce New Licensing for Crypto Exchanges This Month

Coin Edition

Other articles published on Jun 24, 2023

Bitcoin’s Wind Could Shift in Reverse, According to Bloomberg: Here’s Why!

SEC Declares Altcoins as Securities, What's Next for Crypto Investors?

CFTC scrutinizing Kalshi congressional control contracts to ensure fairness and compliance

ECB Official Kicks Crypto into High Gear!

This Altcoin Positive Separating From The Market Attracted Attention With Up To 80 Percent Rise! ...

SIMPSON, TOADS rallying, DigiToads raise over $5.6 million

Join our free newsletter for daily crypto updates!