The post Hong Kong Shuts Down Unlicensed Crypto Exchanges appeared first on Coinpedia Fintech News
To minimize risk for investors, Hong Kong regulators had previously issued a warning that all the exchanges operating in the region must either apply for licensing by February 29th or cease all operations in the region by today, May 31st. The period witnessed 22+ crypto exchanges apply for licensing in Hong Kong. many high-profile CEXs including OKX, Huobi HK, and Gate.HK withdrew from the jurisdiction entirely. The regulators have promised to announce a list of approved exchanges by June 1st.