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SFC

Hong Kong’s SFC Grants License to HKDAEx Despite Deadline

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Hong Kong Digital Asset Xchange Limited (HKDAEx) applied for the license despite the deadline on May 31, 2024.  Hong Kong’s regulator has found unsatisfactory practices at some crypto exchanges seeking full licenses. The Hong Kong Securities and Futures Commission (SFC) granted a virtual asset trading platform (VATP) license to Hong Kong Digital Asset Xchange Limited…

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Hong Kong SFC Tightens Grip on Crypto Licensing Standards

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Market News Hong Kong’s SFC finds major compliance gaps among crypto firms. Platforms must strengthen anti-money laundering measures or face enforcement actions. Hong Kong’s Securities and Futures Commission (SFC) has identified various shortcomings among crypto firms seeking full licenses. These findings emerged as the SFC intensified its scrutiny of virtual asset trading platforms under its…

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