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Hong Kong’s SFC Set to Finalize Rules for Crypto Exchanges, Accept License Applications

May 23, 2023
in Bitcoin
Reading Time: 1 min read
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Below the foundations, crypto exchanges are to keep up always at least 5,000,000 Hong Kong {dollars} ($640,00) in capital, and on the finish of every month, submit the platform’s out there and required liquid capital, a abstract of financial institution loans, advances, credit score amenities in addition to a revenue and loss evaluation to the SFC. Authorised tokens on regulated exchanges want a 12 month “observe document,” in accordance with the foundations.

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