Hong Kong Regulator: Crypto Exchanges Must Apply for a License or Shut Down by May 31

Feb 06, 2024

Hong Kong's Securities and Futures Commission (SFC) has warned crypto exchanges that they must apply for a virtual asset trading platform license by February 29 or face closure by May 31. The SFC has already received applications from 14 firms, with only two receiving approval so far. Investors are urged to check if the platforms they use have applied for a license and to trade only on SFC-licensed platforms to ensure protection.

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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