JR.Verse

04/15 06:49

Hong Kong Ends Crypto Exchange License Application

Hong Kong’s Securities and Futures Commission (SFC) closed its crypto licensing portal, setting a May 31 deadline for non-compliant exchanges to cease operations.

Exchanges that missed the deadline must shut down by May 31, according to a pop-up message on the Hong Kong SFC website.
The SFC, which handles virtual asset activities in the Hong Kong region, has released a list of crypto exchanges that have applied for approval.

So far, 22 crypto exchanges have taken steps towards getting the needed license from the SFC to operate in the country. A list on the Hong Kong SFC website revealed that popular crypto trading platforms such at, Crypto.com, Huobi, and others have initiated licensing procedures.

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