- Hong Kong SFC approved Hausseartat exchange and increased the bill of licensed exchanges in the capital.
- The controller has worked with Cryptocurrency exchange Licensing over the past year.
After a brief silence, the Asian crypto markets have once again appeared to action. Hong Kong Consensys 2025 has a good start according to reports. At the same time, Bitcoin Tech Carnival attracted a lot of attention with exciting updates on the web3 sector. The overall crypto market has, on the other hand, remained Baisseart for the past 24 hours.
Recently, a few hours ago, the capital’s supervisory authority approved another Crypto Exchange license. The final licensed Crypto Exchange is Hausse, whose senior vice president of the Global Sales Head commented on the importance of companies in Hong Kong. Bullish too Published An official statement about the approval.
Bullish CEO, Tom Farley pronounced in the official statement:
“We believe that clear regulation is crucial to promoting confidence in the digital asset industry, and we will continue to invest our efforts to expand the compatible and regulated environment that Bullish Exchange has offered our customers and channel partners from the first day.”
Liu Dehao, the Vice President, discussed how the crypto change believes that the Chinese capital is crucial to its growth. They currently have over 100 employees from the city and aim to land institutional customers after this approval.
In addition, this latest approval has given the number Licensed crypto replacements In Hong Kong to an even 10. Other exchanges currently include approvals, OSL Exchange, Hashkey Exchange, DFX Labs and others.
Did Hong Kong SFC redefine its crypto -regulating landscape?
Over the past year, Hong Kong has made the crypto heads several times due to their reforms in regulations. Securities and Futures Commission (SFC) during the second quarter of 2024 introduced Strict license procedures for crypto replacements.
The controller also released a list of exchanges during one warning for trade without license. The process continued to the present, with SFC who approved and released updates on its official website at regular intervals.
These efforts show the capital’s attempt to reform and provide clarity in crypto regulations. With growing adoption, many members of society speculate that Hong Kong aims to rise as a leading hub in the sector.
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