Hong Kong licenses 4 more crypto exchanges amid bitcoin price surge

Quick Summary:

The approvals bring the total number of licenced virtual asset firms to seven, as Hong Kong moves to revive its crypto industry.

The four new licensees were among the nearly 30 companies pursuing the licence this year, but only about a dozen remain applicants after a number of large platforms, including OKX and HTX, withdrew their applications earlier this year under stringent regulatory requirements.

The regulator has previously licensed three local cryptocurrency platforms: OSL, HashKey and HKVAX.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Xinmei Shen

Category: Business

Markets: Hong KongChina

Topics: City Securities Regulatory Four Hong Approval Regulator Asset Virtual Kong Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 20:39:36 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 313 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 45 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24536762

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 14 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 1 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions