Hong Kong is ready to issue more licenses for digital asset exchanges by the end of 2024. This follows a five-month inspection period that raised some questions about future approvals.
Eric Yip, the executive director for intermediaries at the Securities and Futures Commission (SFC), shared this news at the annual Fintech Week event. He mentioned that a final list of platforms moving from provisional permits to full licenses will be available by year-end.
The city kicked off its crypto regulatory framework in 2023. The goal? To enhance its appeal as a hub for digital assets.
In short, more licenses are on the way, and Hong Kong is positioning itself as a key player in the crypto space.