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Exclusive: Several applicants told WuBlockchain that the Hong Kong SFC required license applicants to promise that they would not develop mainland Chinese users in any region of the world, which led to exchanges such as Binance OKX HTX Gate withdrawing their applications.… https://t.co/GUkB5ZC4BS https://t.co/85nl2yN25V
Hong Kong’s securities regulator said 11 cryptocurrency exchanges are a step closer to obtaining licenses, one year after rolling out a digital-asset rulebook to try and foster a hub for the industry. https://t.co/k0qWmngVLP
Hong Kong SFC disclosed that HKbitEX, PantherTrade, Accumulus, DFX Labs, Bixincom, xWhale, YAX, Bullish, Cryptocom, WhaleFin, Matrixport HK, a total of 11 platforms, became deemed-to-be-licensed applicants. Among the well-known offshore exchanges, it seems that only Cryptocom…
Hong Kong's Securities and Futures Commission (SFC) has announced that it will conduct on-site inspections of crypto trading platforms that are still pursuing their licensing applications as the June 1 deadline approaches. The SFC has issued reminders that all crypto trading platforms must obtain a license by June 1, or cease operations. As of May 31, several major exchanges, including Binance, OKX, Gate, and HTX, have withdrawn their applications. Market rumors suggest that Hong Kong may not grant any offshore exchange licenses for the time being. Meanwhile, 11 platforms, including HKbitEX, PantherTrade, Accumulus, DFX Labs, Bixincom, xWhale, YAX, Bullish, Cryptocom, WhaleFin, and Matrixport HK, have become deemed-to-be-licensed applicants. The SFC has also required license applicants to promise not to develop mainland Chinese users in any region of the world. Exchanges that did not apply for a license by February 29 must shut down operations by May 31.