Since 2022, Hong Kong has gradually promoted a regulatory framework for the issuance of stablecoins. Its core goal is to ensure the transparency and security of the issuance of stablecoins and lay the foundation for the healthy development of the virtual asset market.
JinseFinanceWith the end of the transition period for the licensing system for virtual asset trading platforms in Hong Kong on June 1, there are only two compliant licensed digital asset trading platforms left, one of which is OSL.
JinseFinanceAlthough only two institutions have been officially licensed, the Hong Kong Securities and Futures Commission has also updated the list of 11 platforms that are "deemed to be licensed" and 6 platforms that are still on the application list.
JinseFinanceWeng Xiaoqi said that after setting the risk control level, Hong Kong's virtual asset supervision will enter a new stage. Now the "steady and prudent period" of "steady and prudent development" has come to a temporary end and entered the development period. After all, development is the hard truth.
JinseFinanceHong Kong introduces strict regulations for OTC crypto trading to combat illicit activities. New measures include licensing framework and promotion of regulated exchanges, sparking industry feedback and concerns over compliance costs.
Xu LinBybit applies for a Hong Kong license, signaling strategic expansion and intensifying competition in the burgeoning Asian cryptocurrency market.
BrianThis article will provide an in-depth analysis of the three most important licenses for issuing virtual asset ETFs in Hong Kong.
JinseFinanceSEBA received its in-principle approval in August, and has now received the full licence.
ClementThis shift has garnered considerable interest, especially when compared to the digital-asset crackdown in the United States. However, despite the enthusiasm, the city has yet to attract major investments from an industry still recovering from the market downturn last year.
CaptainXHong Kong will introduce a mandatory licensing regime for stablecoin issuers as early as this year.
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