In a bid to secure a presence in Asia’s thriving crypto market, the U.S.-based crypto exchange Crypto.com has formally applied for a license from the Hong Kong Securities and Futures Commission (SFC). With Hong Kong bracing for tighter regulations in the crypto domain, Crypto.com is gearing up for tough regulatory compliance.
Crypto.com Applies For Hong Kong License
According to Hong Kong SFC’s official website, the application by Crypto.com was made on Friday, February 9. The move aligns with the SFC’s stringent regulations aimed at bolstering investor protection while fostering Hong Kong’s emergence as a crypto hub.
With this application, Crypto.com joins a list of 17 contenders vying for regulatory approval, including prominent industry players such as Bybit, Bullish, OKX, and VAEX, as indicated by the SFC’s official website listing. The regulatory body has imposed a firm deadline of February 29th for exchanges to apply for a virtual asset trading platform (VATP) license
We współpracy z: https://coingape.com/crypto-news-crypto-com-applies-for-hong-kong-license-amid-tighter-regulatory-crackdown/
