Hong Kong's Securities and Futures Commission (SFC) is set to release guidelines for a crypto licensing framework in May. The framework, effective by June 1, will require crypto platforms to register with authorities, allowing licensed exchanges to offer major cryptocurrencies, like Bitcoin and Ethereum, to retail traders. This move reinforces Hong Kong's goal to become a leading cryptocurrency hub in Asia, with existing exchanges like Hashkey and OSL already offering crypto trading services. With the backing of the city's banking sector, more crypto firms may look to establish a presence in Hong Kong.
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