Official announcements from Hong Kong's financial regulatory authority

Hong Kong to Issue More Crypto Exchange Licenses by End of 2024, Ensuring Secure and Scalable Growth

Oct 28, 2024, 05:06 AM

Hong Kong has announced plans to issue additional crypto exchange licenses by the end of 2024. This move is part of a broader effort to strengthen digital asset regulation and ensure stability and growth in the sector. Currently, three platforms are licensed, with more expected by year-end. Additionally, Hong Kong is unveiling its first-ever set of AI policies tailored for finance, which includes potential tax-free gains on virtual assets and other crypto-friendly tax breaks. The regulations aim to create a secure and scalable environment for sophisticated crypto investors.