Grace Interval for Crypto Exchanges in Hong Kong Unchanged Regardless of Current JPEX Scandal Leading to $180M in Losses
Current scandals haven’t led to the removing of Hong Kong’s one-year grace interval for cryptocurrency exchanges, in keeping with native information studies.
Applied in June, new rules state that cryptocurrency exchanges working in Hong Kong should purchase a digital asset service supplier (VASP) license from the town’s Securities and Futures Fee by June 2024. Nevertheless, unregistered exchanges are presently allowed to proceed their operations in the course of the transitional part.
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