Summary
- The Hong Kong government announced that it will expedite the licensing process for virtual asset trading platforms.
- Acting Secretary Joseph Chan stated plans to form a consultative panel for licensed trading platforms by early next year.
- Hong Kong officially started a licensing regime in June 2023 and has granted licenses to several platforms.
The Hong Kong government has announced that it will expedite the licensing process for virtual asset (cryptocurrency) trading platforms.
According to The Block's report on the 11th (local time), Joseph Chan, Acting Secretary for Financial Services and the Treasury, stated in parliament today, "We plan to proceed with a swift licensing process and form a consultative panel for licensed trading platforms by early next year."
Hong Kong officially started a licensing regime for virtual asset trading platforms in June 2023 and has currently granted licenses to platforms such as OSL, HashKey, and HKVAX.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
