It was reported that the Hong Kong Securities and Futures Commission (SFC) would do so issue Licenses to at least eight crypto companies year. Anti-SFCmoney laundering The Anti-Terrorism Financing Act (Amendment) effect in June.
SFC for green-light crypto companies
as part of Larger plans to transform itself in a hot spot for Web 3 innovation, Hong Kong is making preparations in summit gear to start Approval of the request of Crypto-focused companies are interested in session up operations in the region.
For all sources close to latest developmentthe Hong Kong Securities and Futures Commission (SFC), the region’s largest financial The International Atomic Energy Agency, which has expanded its supervision of cryptocurrencies team last month, he indicated plans for a minimum license of Eight web3 projects powered by year-end.
Speaking during a WoW summit in Hong Kong on March 29, Angelina Kwan, a former exec of The Supreme Council of the Armed Forces confirmed that the exercise is a part of The crypto licensing scheme of the regulator under the Hong Kong system new opposite-money laundering The Anti-Terrorism Financing (Amendment) Regulation will come into effect live in June.
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doubts remain
Embrace Hong Kong of bitcoin and other cryptocurrencies in recent months made It is the first destination for web3 companies, with more of 80 cryptocurrencies market participantsincluding Huobi, OKX, and many others currently in line for approval from the SFC.
As reported by News Agencies in Jan, Leung Fung Yi, CEO of The SFC made it clear that only retailers would have it access to high liquidity digital assets. However, the official failed To mention the exact crypto assets that will be traded, although it is very likely not bitcoin (BTC) and ether (ETH) will make list.
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