Hong Kong to Approve More Crypto Exchange Licenses by Year-End, Including HKVAX Specializing in Security Token

Oct 7, 2024, 09:13 AM

Hong Kong's financial regulator is set to approve more cryptocurrency exchange licenses by the end of the year. The recent approval of HKVAX as a licensed exchange, which specializes in security token, marks a significant step in this direction. This move is part of Hong Kong's broader strategy to enhance its position in the global financial market. Currently, there are 11 platforms on the 'deemed-to-be-licensed' list.