CandleFocus Hong Kong Officials Announce Major Development for the Cryptocurrency Market to be Announced by the End of the Year
2024-11-30
Author: Content Editor
The Securities and Futures Commission (SFC) of Hong Kong is set to announce a licensing framework for cryptocurrency trading platforms by the end of the year. This move is part of Hong Kong's efforts to enhance transparency and oversight in the digital asset space. The CEO of the SFC, Leung Fung-yee, also revealed developments in the environmental, social, and governance (ESG) sector, with five ESG rating and data providers expressing their intention to adopt a newly introduced voluntary code. As cryptocurrency trading is prohibited in China, Hong Kong's stance on this issue is significant as it is a Chinese territory and is positioning itself as a hub for crypto and blockchain innovation.
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