Hong Kong’s Securities Watchdog May Soon Regulate All Crypto Trading Platforms

Hong Kong’s Securities Watchdog May Soon Regulate All Crypto Trading Platforms

Hong Kong's government is set to change the rules for cryptocurrency trading firms operating within the city jurisdiction.


Related News

Hong Kong Issues New Crypto Guidelines Allowing Staking Services For Licensed...

Hong Kong’s Securities and Futures Commission (SFC) has issued guidelines to allow crypto platforms and funds in the jurisdiction to offer staking services. The new rules are part of the regulator’s roadmap to develop Hong Kong’s digital assets ecosystem. Related Reading: Conor McGregor’s Memecoin Taps Out—Failed Launch Sparks Refund Pledge Hong Kong Allows Crypto Staking […]

World’s dominant crypto futures market could face regulatory shake-up

Hong Kong appears to be tightening the screws on unregulated crypto exchanges. Proposed regulations targeting Hong Kong’s blockchain industry could have far-reaching consequences for the crypto derivatives market, according to new research from Messari.io. In a report published on Wednesday, researcher Mira Christanto said the Special Administrative Region of Hong Kong, which happens to be the dominant market for crypto futures trading, could be clamping down on unregulated exchanges as part of a broader push for more governance. The researcher cited a recent proposal from the Hong Kong....

Hong Kong Amends Crypto Law to Regulate All Exchanges

Cryptocurrency regulation in Hong Kong is undergoing changes. The Securities and Futures Commission (SFC) is reportedly introducing a new licensing system to regulate all crypto exchanges operating in Hong Kong. Hong Kong’s New Crypto Regulation The CEO of the SFC, Ashley Alder, talked about implementing a new cryptocurrency regulatory framework at Hong Kong Fintech Week on Tuesday. All cryptocurrency trading platforms operating in Hong Kong or targeting local investors will be required to apply for a license with the SFC, Radio Television Hong Kong (RTHK) reported. “Later....

Industry Group Says Hong Kong’s Proposed Crypto Rules Could Drive Traders Und...

Hong Kong’s plan to restrict cryptocurrency investment to professionals means retail investors could move to unlicensed venues, said Global Digital Finance.

Hong Kong securities regulator CEO to lead UK financial watchdog

Ashley Alder said the FCA would help “chart the UK’s post-Brexit future as a global financial centre which continues to support innovation and competition." Ashley Alder, the chief executive officer of Hong Kong’s Securities and Futures Commission, will become the next chair of the United Kingdom’s Financial Conduct Authority.In a Friday announcement, the U.K. treasury said it had appointed Alder to chair the country’s financial watchdog starting in January 2023. He will succeed interim FCA chair Richard Lloyd, who took office following Charles Randell’s departure in May. Alder has lead....