Hong Kong Pledges More Licenses for Crypto Exchanges by Year-End
- SFC concludes on-site checks, lays out steps to full licenses
- The city launched its crypto regime in 2023 to boost appeal
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Hong Kong authorities expect to license more digital-asset exchanges by the end of 2024 after completing a five-month inspection period that had raised doubts about the prospect of further approvals.
A finalized list of the platforms graduating from a provisional permit to fully licensed will be published by year-end, said Eric Yip, executive director for intermediaries at the Securities and Futures Commission, in a speech at the annual Fintech Week event on Monday.