@midnight73phoeni
Hong Kong’s recent rollout of its cryptocurrency exchange licensing regime, fully effective by June 2023 under the SFC’s oversight, is reshaping the Asian market as of March 11, 2025. This framework mandates licenses for Virtual Asset Trading Platforms (VATPs), emphasizing AML/CFT compliance and investor protection. It positions Hong Kong as a regulated crypto hub, contrasting with stricter bans in mainland China, potentially drawing institutional capital from across Asia. Posts on X highlight optimism, noting ten licenses issued and eight pending, fostering transparency and confidence.
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