New licensing for cryptocurrency trading platforms in Hong Kong
Decision of the Hong Kong Securities and Futures Commission
On June 17, the Hong Kong Securities and Futures Commission approved BGE's application for a cryptocurrency trading platform license, marking a new chapter in the cryptocurrency sector in this market. The operating unit of the platform named "Hong Kong BGE Limited" has completed the registration process and received a valid license, establishing an official position in Hong Kong's digital financial ecosystem.
Statistics on licensees in June
As of now, 11 organizations providing cryptocurrency trading services have been licensed by the Commission, expanding the network of compliant platforms. At the same time, 15 entities have withdrawn or resubmitted their applications after amendments, with 9 applications still pending approval. The increase in the number of licensees clearly reflects the organized and transparent development trend of the cryptocurrency market in Hong Kong.
Development trends of the cryptocurrency industry in Hong Kong
Licensing cryptocurrency trading platforms not only helps protect investors but also promotes the sustainable development of the market. Projects like BGE are demonstrating a commitment to regulatory compliance, making it easier for individual and institutional investors to access digital assets, thereby increasing the attractiveness of this industry. With a clear legal environment, the cryptocurrency market in Hong Kong is becoming more flexible and safer for digital commerce activities.
Source: https://tintucbitcoin.com/hong-kong-cap-phep-nen-tang-bge-11-san-hop-le/
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