Hong Kong SFC Announces Licenses for 11 Virtual Asset Exchanges
CryptoNewsTerminal Staff01 Jun, 2024
Hong Kong SFC Announces Licenses for 11 Virtual Asset Exchanges
The Hong Kong Securities and Futures Commission (SFC) has announced a list of 11 licensed exchanges (platforms) on its website that have been granted Virtual Asset Service Provider (VASP) licenses. The licensed exchanges include: - HKbitEX -PandaTRade -Accumule -DFX Labs -BigONE -xWhale -YAx -Bullish - Crypto.com -WhaleFin -MatrixportHK In February 2023, the SFC issued an ultimatum to exchanges that had not applied for a VASP license, ordering them to either apply or withdraw from the market. The licensing of these 11 exchanges is a significant step in regulating the virtual asset industry in Hong Kong. It provides greater clarity and certainty for businesses and investors and helps to protect consumers.
