{"id":1755,"date":"2024-10-28T15:18:06","date_gmt":"2024-10-28T15:18:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1755"},"modified":"2024-10-28T15:18:06","modified_gmt":"2024-10-28T15:18:06","slug":"hong-kong-set-to-expand-digital-asset-exchange-licenses-amid-push-for-stablecoin-proposal","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1755","title":{"rendered":"Hong Kong Set To Expand Digital-Asset Exchange Licenses Amid Push For Stablecoin Proposal"},"content":{"rendered":"<div>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/05\/38701060\/hong-kong-launches-first-128m-crypto-etf-liquidity-fund\">Hong Kong\u2019s financial regulator<\/a>, the Securities and Futures Commission (SFC), aims to approve additional licenses for digital-asset exchanges by the close of 2024, following a detailed five-month assessment process.<\/p>\n<p><strong>What Happened: <\/strong>This announcement, made by <strong>Eric Yip<\/strong>, the SFC&#8217;s executive director for intermediaries, at the Fintech Week event, reflects Hong Kong&#8217;s efforts to establish itself as a prominent hub for digital assets after recent political turmoil.<\/p>\n<p>&#8220;The applicants and their controllers have largely adopted our feedback, showing a commitment to investing resources in line with regulatory expectations,&#8221; Yip stated, according to a Bloomberg <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-28\/hong-kong-pledges-more-licenses-for-crypto-exchanges-by-year-end?embedded-checkout=true\">report<\/a><\/p>\n<p>The SFC&#8217;s inspection process, which began in June with provisional permits, revealed operational issues in some platforms. <\/p>\n<p>These firms are required to implement corrective measures and complete a third-party review with the SFC before they are granted restricted licenses. A finalized list of licensed exchanges is expected to be released by the end of the year.<\/p>\n<p>To support ongoing regulatory efforts, the &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41577853\/hong-kong-set-to-expand-digital-asset-exchange-licenses-amid-push-for-stablecoin-proposal\" alt=\"Hong\" kong set to expand digital-asset exchange licenses amid push for stablecoin proposal>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong\u2019s financial regulator, the Securities and Futures Commission (SFC), aims to approve additional licenses for digital-asset exchanges by the close of 2024, following a detailed five-month assessment process. What Happened: This announcement, made by Eric Yip, the SFC&#8217;s executive director for intermediaries, at the Fintech Week event, reflects Hong Kong&#8217;s efforts to establish itself [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1755","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1755"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1755\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}