Hong Kong Releases Guidelines for Crypto Firms Operating in the Country
06/13 19:45
Hong Kong has introduced its Virtual Asset Trading Platform (VATP) handbook to establish itself as a crypto hub. The Securities and Futures Commission (SFC) has provided guidelines for cryptocurrency companies that wish to operate in the city, and will oversee all licensing. The guidelines include "transitional agreements" that offer a one-year trial period for crypto firms to apply for a business license in 2024 if they meet the SFC's requirements.
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