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Hong Kong to Accept Crypto Exchange License Applications from June 1st 🔥
Starting June 1, the Securities and Futures Commission (SFC) of Hong Kong will accept license applications from cryptocurrency exchanges. Compliance with laws, regulations, and SFC standards on anti-money laundering, cyber security, and more is required. Ongoing oversight will be provided, and companies must demonstrate adequate resources and effective risk management systems. This move promotes a regulated and secure environment for cryptocurrency exchanges in Hong Kong.
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