Hong Kong's Securities and Futures Commission is set to release guidelines for crypto exchanges as the city prepares to become the crypto hub of Asia. However, regulators have warned that crypto firms should not expect any leniency in the regulatory approach. From June 1, Hong Kong plans to introduce a licensing regime for crypto service providers, allowing investors to trade major cryptocurrencies such as Bitcoin and Ethereum. The city's regulators are also working on introducing a licensing regime for stablecoins by 2023-2024.
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Hong Kong's Securities and Futures Commission to Release Guidelines for Crypto Exchanges
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