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Hong Kong expands virtual asset push with new licensing, trading options

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  Hong Kong is expanding the ways investors can trade virtual assets, its financial regulator said on Wednesday, as the city races to become Asia's digital assets hub and attract capital.


Hong Kong has issued nine licenses to digital asset trading platforms as part of its strategy to become a leading hub for virtual assets, with plans to approve more by 2025. The Securities and Futures Commission (SFC) of Hong Kong has granted these licenses under a new regulatory framework aimed at enhancing investor protection and market integrity. The platforms that received licenses include notable names like HashKey and OSL, which were already operating under a previous regime. The SFC has also outlined that it will continue to process applications, with expectations to approve more platforms in the coming months, reflecting Hong Kong's commitment to fostering a regulated environment for digital assets. This move is part of a broader initiative to attract crypto businesses and investors, amidst global regulatory scrutiny of cryptocurrencies.

Read the Full Reuters Article at:
[ https://www.reuters.com/technology/hong-kong-issues-nine-digital-asset-platform-licenses-plans-more-approvals-2025-02-19/ ]