What are the plans of Hong Kong regarding crypto trading?

3 answers

• Nov 25, 2021 · 3 years ago
  Hong Kong has been actively working on establishing a regulatory framework for cryptocurrency trading. The Securities and Futures Commission (SFC) has issued guidelines for virtual asset trading platforms, requiring them to obtain a license and comply with anti-money laundering and know-your-customer regulations. These measures aim to enhance investor protection and prevent illicit activities such as money laundering and terrorist financing.
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• Nov 25, 2021 · 3 years ago
  In addition to regulations, Hong Kong is also exploring ways to foster the growth of the crypto industry. The Hong Kong Monetary Authority (HKMA) has launched a regulatory sandbox to encourage innovation in financial technology, including blockchain and cryptocurrency-related projects. This sandbox allows startups and companies to test their products and services in a controlled environment, providing them with valuable feedback and guidance.
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• Nov 25, 2021 · 3 years ago
  As a leading digital asset exchange, BYDFi is closely monitoring the regulatory developments in Hong Kong. We believe that clear and balanced regulations are essential for the healthy growth of the crypto industry. Hong Kong's plans to establish a regulatory framework and promote innovation through the regulatory sandbox are positive steps towards creating a conducive environment for cryptocurrency trading.
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