🚀 Crypto Buzz: Hong Kong's Crypto Licensing in Spotlight! 🚀

- The People's Bank of China highlights Hong Kong's active crypto licensing in its Financial Stability Report 2024.

- Hong Kong's "dual license" system divides crypto into security and non-security tokens, ensuring compliance with local laws.

- Major banks like HSBC and Standard Chartered are integrating crypto exchanges into their operations.

- Despite progress, Hong Kong lags behind Singapore in licensing speed, with major exchanges like OKX withdrawing applications.

Join the conversation! What do you think about Hong Kong's crypto journey? 💬