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Hong Kong set to expand crypto licensing by year-end amid push to become digital asset hub – TON BOT

TON BOT

Hong Kong set to expand crypto licensing by year-end amid push to become digital asset hub

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The Hong Kong Securities and Futures Commission plans to issue more licenses to crypto businesses by year-end, following the approval of HKVAX as the third licensed exchange. SFC CEO Julia Leung noted that 11 firms are potential licensees, emphasizing strict regulatory standards for virtual assets and advancements in the framework by 2024-2026.

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