Hong Kong approves more cryptocurrency exchanges

In order to promote the development of the digital asset industry, Hong Kong has approved the establishment of several additional cryptocurrency exchanges.

According to the latest announcement of the Securities and Futures Commission (SFC) of Hong Kong, the Commission has approved four new cryptocurrency exchanges, namely Accumulus GBA Technology (Hong Kong), DFX Labs, Hong Kong Digital Asset EX and Thousand Whales Technology (BVI).

The newly approved virtual asset trading platform (VATP) will be able to operate within the limited scope of business after completing the necessary rectification and passing the vulnerability assessment and penetration test of an independent third party. The news was confirmed in a statement.

Expedited process

During the Hong Kong Fintech Week, Ye Zhiqiang, executive director of the Hong Kong Securities and Futures Commission's intermediary agency, said that more cryptocurrency licenses are expected to be issued by the end of this year. He also revealed that there are 14 VATP applications currently being processed. Overall, there are currently seven licensed exchanges in Hong Kong, including OSL, HashKey and HKVAX.

Ye Zhiqiang said in the latest announcement: "We have been actively communicating with senior management and ultimate controllers of virtual asset trading platforms to achieve the expected regulatory standards and speed up the licensing process. Our goal is to strike a balance between safeguarding the interests of investors and promoting the continued development of Hong Kong's virtual asset ecosystem."

Musk-themed puppy ρꪊρρⅈꫀડ is gradually emerging as one of the hot concepts on the Ethereum chain. It has great potential for future development and is expected to become the next shib. #币安LaunchpoolBIO #比特币市场波动观察 #加密市场反弹 #圣诞行情分析 #比特币战略储备 $ETH $DOGE $SHIB