Hong Kong Pledges More Licenses for Crypto Exchanges by Year-End – BNN Bloomberg
(Bloomberg) — 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.
“The applicants and their controllers have by and large taken up our feedback, and they are willing to commit resources to rectify issues and take a long-term view in developing their business in a regulated environment,” Yip said.
Hong Kong vowed to…
