Who wants to be a crypto paradise Hong Konghas officially approved the providing stinging services of licensed crypto currency platforms and stock market investment funds (ETF). The Commission of Securities and Futures Procedures (SFC), the country’s financial regulator, has made Hong Kong’s goal of turning into a global crypto centers one step further. SFC’s today In a statement published It was pointed out that investors’ demand for stinging and the contribution of these activities to Blockchain security. The new regulations are considered as a strategic step towards strengthening the position of Hong Kong in this period when competition in the crypto currency world.
Strict approval process for licensed crypto currency platforms
In the new framework published by SFC stinging Crypto money purchase-sale platforms (VATP) who want to provide service have to obtain written approval. This also applies to ETFs. Crypto Money ETFWhen they want to participate in the stinging activities, they will be obliged to request approval from the regulatory institution. The Commission required to take serious security measures from the companies that will provide these services, ensure the protection of user assets and shared the risks clearly.
It is stated that this new regulation will not only be limited to protecting investors and will increase the confidence in the sector. Considering that the wrong service delivery in technical issues such as Stinging may cause serious damages, such rules are not a deterrent for both individual and corporate investors, but rather a trust -increasing increase. On the other hand, it is encouraged to establish a more professional service infrastructure of companies.
Hong Kong’s road map is expanding, competition is heating
SFC’s latest arrangements announced in February and consist of 12 titles crypto currency Part of the strategy roadmap. Within the scope of this plan, arrangements from coin listing to derivative transactions, from guaranteed borrowing to Stinging are being studied. Hong Kong opened its doors to individual investors, especially in June 2023, and laid the foundation of a more systematic structure in the crypto currency sector.
Recently, the increasing competition for global crypto currencies forces Hong Kong to move faster. In the USA Donald TrumpWith the re-tasked of the pro-Cripto currency, an approach gained strength in Washington. Hong Kong, on the other hand, prefers to progress by establishing his own system on solid foundations instead of taking the wind behind this side.
SFC CEO Julia Leung“In order to ensure the healthy development of the crypto currency ecosystem, the services offered to diversify the ecosystem should be diversified,” he pointed out the importance of a safe and arrangement -oriented framework. According to Leung, while the services are increasing, investor security should always be a priority.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
