• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • TWS, Singapore (July 28-29, 2025)
    • WFIS, Philippines (September 23-24, 2025)
    • Forex Expo Dubai (October 6-7, 2025)
    • Merge Madrid (October 7-9, 2025)
    • European Blockchain Convention, Barcelona (October 15-17, 2025)
    • Blockchain Futurist Conference, Florida (November 5-6, 2025)
    • WFIS, Indonesia (November 25-26, 2025)
  • Past Events
    • Blockchain Life
    • BlockShow Europe
    • Event Horizon

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Hong Kong to introduce new rules for crypto exchange licensing 

April 28, 2023 By Crypto Reporter

Hong Kong authorities make way to establish a crypto-friendly jurisdiction

Image via Unsplash

The Securities and Futures Commission of Hong Kong (SFC) plans to publish a guidance on issuing crypto licenses for digital-asset exchanges in May, according to Bloomberg citing the regulator’s Chief Executive Officer Julia Leung.

During the consultations on legal framework relating to crypto exchanges, the SFC processed and responded to over 150 inquiries.

Following the February proposal, all centralised platforms doing business in Hong Kong or dealing with local investors will have to secure an SFC license starting June 1.

The initiative practically lifts the ban on trading virtual assets for retail clients. The Commission underlined that it’s looking for the most balanced way to protect investors and advance market growth.

Earlier, the Financial Secretary Paul Chan stated that now is the “best time” to promote the development of Web3 in the country, despite cryptocurrency volatility.

In January, Chan also mentioned that Hong Kong is open towards crypto companies from around the globe. He noted that authorities had just completed work on licensing regime for the digital assets industry.

Filed Under: General News, Latest News, News Tagged With: cryptocurrency, Hong Kong, news, regulations

Primary Sidebar

Follow Us

Press Releases

UPNEWS Launches to Revolutionize News Consumption with Trust and Transparency

July 17, 2025

Best Crypto to Buy Before August? BlockchainFX Looks Stronger Than PEPE, ONDO, and BONK Combined

July 17, 2025

Raiinmaker Collaborates with Google Cloud to Unlock a New Standard for Ethical AI Video

July 16, 2025

Zodia Custody Launches Zodia Rewards, Allowing Institutions To Maximise Value From Eligible Token Holdings

July 16, 2025

OKX Launches European Campaign with McLaren F1 Team ahead of Dutch Grand Prix to Boost Crypto Adoption

July 16, 2025

TWS Conference

Forex Expo Dubai

Merge Madrid

Futurist Conference

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2025 Crypto Reporter