Hong Kong SFC to Release Crypto Exchange License Guidelines in May

Reported Bloomberg, Hong Kong's Securities and Futures Commission (SFC) is set to release guidelines on the licensing regime for virtual-asset exchanges in May, according to CEO Julia Leung. The regulator's consultation process for the regulatory framework received over 150 responses, she said.

Hong Kong plans to allow retail investors to trade major tokens, such as Bitcoin and Ether, in a new licensing regime for crypto platforms from 1 June, as part of efforts to develop a digital-asset center and enhance its role as a financial hub.

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