Hong Kong SFC Introduces Fast-Track Licensing for Crypto Platforms

Quick Summary:

Hong Kong SFC Introduces Fast-Track Licensing for Crypto Platforms The Hong Kong Securities and Futures Commission (SFC) has announced a fast-track licensing process for virtual asset trading platforms (VATPs), streamlining the approval process for compliant crypto exchanges.

The new framework builds on the success of the SFC’s risk-based inspections and is accompanied by a circular and inspection findings to guide prospective applicants.

Applicants are required to implement robust internal policies and controls, followed by an external assessment supervised by the SFC.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaHong KongSingaporeUnited Arab Emirates

Topics: Crypto News Hong Kong fast-track crypto licensing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-17 @ 15:11:14 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 380 words

Reading Time: 3 minutes read

Sentences: 45 lines

Sentence Length: 9 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 25221206

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 6 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

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Publisher ID: #121

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