Cryptocurrency traders in Hong Kong now have a choice of seven platforms for buying and selling four cryptocurrencies.
Hong Kong's SFC is exploring new licensing regulations for OTC cryptocurrency services, seeking input from industry participants.
Previously, Hong Kong crypto buyers worth less than $1 million only had Bitcoin and Ether to choose from.
The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety.
Hong Kong’s Securities and Futures Commission (SFC) has recently announced it will conduct in-site office inspections for the crypto platforms seeking licensing. The watchdog highlighted that the 18 “deemed-to-be-licensed” applicants would have to undergo the examination to receive approval of their application. Related Reading: ‘Play By The Rules’: New York Attorney General Issues New Warning […]