Hong Kong Security Regulator to Issue Crypto License Guidelines in May

The Hong Kong Securities Futures Commission (SFC) is set to release cryptocurrency exchange licensing guidelines in May to support crypto trading platforms that can offer retail investors trading services from June 1. The SFC received over 150 responses from interested parties during the consultation process on the licensing regime, according to Bloomberg. Some trading platforms including OSL and Hashkey Group have already received licenses from the SFC, but Bitget has announced it will cease offering services to Hong Kong customers when the VASP regime takes effect on June 1. (Cointelegraph)

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