The Hong Kong Securities and Futures Commission (SFC) reported that guidelines to provide more regulatory clarity for cryptocurrency exchanges will be announced in May.
According to a report by Bloomberg, SFC President Julia Leungfor cryptocurrency exchanges licensing guidelines He said it will be made public next month. Julia Leung announced on Thursday (April 27th) that there is a regulatory framework for cryptocurrency exchanges. consultation process stressed that it was strictly enforced. Leung consulted with the relevant authorities in this consultation process, which helped shape the regulatory framework. More than 150 feedbacks stated that it was received.
With instructions to be announced ensuring regulatory clarity and with it, it is aimed to accelerate the expansion of crypto money in Hong Kong. Especially US regulators While the pressure on the industry has increased recently, Hong Kong continues to maintain and strengthen its warm attitude towards the crypto money industry.
In the draft guide published by the SFC at the end of February, it allows trading from licensed cryptocurrency exchanges within the country. will allow and companies operating or wishing to operate in the country June 1 from the regulator until must get a license had reported. The company that does not want to be involved in the licensing process June 24 was asked to cease its operations until the deadline. Here are the guidelines that will shed light on this licensing process aimed at protecting investors. cleared in May will be.
Finally, as Hong Kong’s support for the cryptocurrency industry grows, state bank of china of the country’s banking giants, including crypto money companies operating in Hong Kong. wide range of services It was noteworthy that he began to give.