Hong Kong gives conditional licenses to four crypto exchanges
The Hong Kong Securities and Futures Commission has granted conditional licenses to four virtual asset trading platforms.
The platforms — Accumulus GBA Technology, DFX Labs, Hong Kong Digital Asset EX, and Thousand Whales Technology — must meet specific regulatory conditions before fully operating, according to the SFC.
The licenses follow the SFC’s risk-based inspections introduced in June. These inspections are designed to evaluate compliance with Hong Kong’s virtual asset regulations, aiming to protect investors while fostering growth in the crypto sector.
To proceed, the licensed exchanges must complete third-party vulnerability assessments and penetration tests. These tests identify and address…
