Hong Kong’s securities regulator announced that 11 cryptocurrency exchanges, including Crypto.com and Bullish, are nearing licence approval under the digital-asset rulebook launched a year ago to establish the city as a crypto hub. While exchanges like OKX and Bybit withdrew their applications, global leaders such as Binance and Coinbase did not apply. By a June 1 deadline, exchanges must be licensed or deemed so, to operate and market services in Hong Kong. This move is part of Hong Kong’s broader strategy to revitalise its financial centre status and compete with cities like Dubai and Singapore by introducing crypto-friendly initiatives such as spot Bitcoin and Ether ETFs, and a framework for stablecoins. Currently, only HashKey Exchange and OSL Group hold full crypto exchange licences in Hong Kong.
Opmerkingen