{"id":140844,"date":"2024-10-29T15:00:13","date_gmt":"2024-10-29T13:00:13","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140844"},"modified":"2024-10-29T01:41:44","modified_gmt":"2024-10-28T23:41:44","slug":"hong-kong-set-to-license-digital-asset-exchanges-by-year-end","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/hong-kong-set-to-license-digital-asset-exchanges-by-year-end\/","title":{"rendered":"Hong Kong Set to License Digital Asset Exchanges by Year-End"},"content":{"rendered":"<p>Exchanges will move from provisional to full licenses once they meet SFC regulatory standards and address compliance issues. To ensure ongoing communication, the SFC will establish a panel of representatives from licensed exchanges by early 2025.<\/p>\n<p>In addition, Hong Kong will regulate over-the-counter (OTC) trading desks and custodial services for digital assets.<\/p>\n<p>The Hong Kong Exchanges and Clearing Ltd. will launch a Virtual Asset Index Series, providing new Bitcoin and Ether pricing benchmarks for the Asia-Pacific region.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-advocates-challenge-sec-authority-amid-regulatory-tensions\/\" title=\"Crypto Advocates Challenge SEC Authority Amid Regulatory Tensions\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/SEC-1-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Crypto Advocates Challenge SEC Authority Amid Regulatory Tensions<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Alongside these initiatives, Hong Kong introduced its first AI policy guidelines for finance, aiming to regulate AI\u2019s integration into the sector.<\/p>\n<p>Christopher Hui Ching-yu, Secretary for Financial Services and the Treasury, outlined a strategy to promote AI adoption while managing regulatory challenges. He also announced plans to enhance tax incentives for virtual asset ownership to strengthen Hong Kong&#8217;s position in the digital asset market.<\/p>\n<p><em><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-28\/hong-kong-pledges-more-licenses-for-crypto-exchanges-by-year-end?utm_medium=social&amp;utm_source=twitter&amp;utm_campaign=socialflow-organic&amp;utm_content=business&amp;cmpid=socialflow-twitter-business\">Source<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong plans to license digital asset exchanges by the end of 2024 after a five-month review of crypto platforms, as announced by Eric Yip, Executive Director for Intermediaries at the Securities and Futures Commission (SFC), during Fintech Week.<\/p>\n","protected":false},"author":7,"featured_media":77798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22,25],"tags":[],"class_list":["post-140844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","category-regulations"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hong Kong Set to License Digital Asset Exchanges by Year-End<\/title>\n<meta name=\"description\" content=\"Hong Kong plans to license digital asset exchanges by the end of 2024 after a five-month review of crypto platforms, as announced by ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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