Wednesday

Hong Kong has received applications from 22 crypto firms seeking licenses to operate as crypto exchanges offering retail trading services.
The move is part of Hong Kong's efforts to establish itself as a regional crypto hub.
<blockquote>
 The city's Securities and Futures Commission (SFC) received applications from a number of firms, including OKX, Bybit, Bullish, Crypto.com, Huobi HK, Matrixport HK and Gate.HK, ahead of the February 29 deadline.
 Notably, HKVAEX, a crypto platform reportedly affiliated with Binance, has also submitted its application.
</blockquote>
Since the official launch of the licensing regime last year, Hong Kong has licensed two platforms, HashKey and OSL.
Crypto platforms operating in Hong Kong that have not applied for a license will be required to cease operations by the end of March, the SFC stated on its website.
Related News: <a href="https://en.bitcoinsistemi.com/binance-futures-announces-listing-of-this-altcoin-with-50x-leverage-11/" target="_blank" rel="noopener noreferrer nofollow">Binance Futures Announces Listing of This Altcoin with 50x Leverage!</a>
In addition to overseeing crypto trading platforms, Hong Kong is also preparing to regulate the issuance of stablecoins.
Hong Kong Financial Secretary Paul Chan announced in his budget speech on Wednesday that the Hong Kong Monetary Authority (HKMA) plans to introduce a regulatory sandbox for stablecoin issuers in the near future.
In December, the Financial Services and Treasury Bureau and the HKMA jointly launched a consultation on the regulation of stablecoin issuers until February 29. They suggested that all issuers of fiat-referenced stablecoins should obtain a license from the HKMA.
Chan also added that the government plans to expand the pilot scope of China's central bank digital currency, e-CNY, which is currently in trial phase, to improve cross-border payment efficiency.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/hong-kong-received-license-applications-from-22-crypto-companies-1-of-which-is-linked-to-binance/" rel="noopener noreferrer nofollow">Hong Kong Received License Applications from 22 Crypto Companies, 1 of which is Linked to Binance!</a>

Hong Kong Received License Applications from 22 Crypto Companies, 1 of which is Linked to Binance!

Bitcoin Sistemi EN

2024년 3월 1일에 게재된 다른 기사

Stargate Finance (STG) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

BitFuFu to go public on Nasdaq following merger with Arisz Acquisition

Venus USDC (vUSDC) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

US Government’s Impact on Cryptocurrency Markets with Seized Assets

Binance User Loses $70,000 in Crypto Heist

CEO Of Blockchain-Focused VC Firm Predicts XRP Price Will Reach $10

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!