Hong Kong considers new licensing regime for OTC crypto trading
Hong Kong's SFC is exploring new licensing regulations for OTC cryptocurrency services, seeking input from industry participants.
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Hong Kong's SFC is exploring new licensing regulations for OTC cryptocurrency services, seeking input from industry participants.
Coinbase head of tokenization Anthony Bassili described plans for its Base network at TokenizeThis 2024 in Miami.
The Hong Kong securities regulator has labelled the crypto platform Bybit an unlicensed virtual asset trading platform (VATP). The regulator has also added Bybit’s products to its alert list of suspicious investment products. The Hong Kong regulator also advised the public to stop patronizing unlicensed entities. Regulator Threatens Enforcement Action The Hong Kong Securities and [...]
The post Hong Kong Securities Regulator Issues Warning Against Unlicensed Crypto Platform Bybit appeared first on Crypto Breaking News.
Regional brokers and investment managers have sought licensing guidance ahead of new regulations. Retail investors may trade digital assets with high market capitalization and liquidity. Digital asset trading is confined to experienced investors and traders with at least $1 million in bankable assets. (Read More)
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According to insider sources cited by The Financial Times, Crypto.com, the Singapore-based cryptocurrency exchange platform, allegedly operates an in-house trading and market-making team whose primary objective is to generate profits rather than facilitate trading. (Read More)
Cryptocurrency traders in Hong Kong now have a choice of seven platforms for buying and selling four cryptocurrencies.
The Spotlight Stock Market offers traditional investors a total of 45 exchange-traded products to choose from.
The trading platform highlighted that investors can deposit and withdraw UAE dirhams using their local bank accounts.
The Hong Kong Securities and Futures Commission (SFC) has warned against unlicensed virtual asset trading platforms (VATPs) engaging in improper practices, including false licensing claims and non-compliance with regulations. (Read More)
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