Hong Kong remains firm on the exchange registration deadline, and APAC exchanges see record volumes amid the crypto bull run.
Our weekly roundup of news from East Asia curates the industrys most important developments.
Crypto exchanges that wish to do business in Hong Kong must apply for a license with the Securities and Futures Commissions virtual asset trading platform regime by February 29.
As of the deadline date, 22 crypto exchanges currently have pending VATP applications with the SFC, including OKX, Bybit, Huobi HK, Gate.HK and the Binance-affiliated HKVAX.
All VATP applicants on this list are NOT licensed or regulated by the SFC, and may NOT be in compliance with the SFCs requirements, the regulator states in an update on its website. The purpose of this list is to enable any member of the public to ascertain whether a virtual asset trading platform has made untrue or misleading misrepresentations regarding its license application status with the SFC.
