Hong Kong’s SFC Set to Finalize Rules for Crypto Exchanges, Accept License Applications

Hong Kong’s Financial Secretary Declares Now Is the 'Right Time' for Web3 Adoption

Under the rules, crypto exchanges are to maintain at all times no less than 5,000,000 Hong Kong dollars ($640,00) in capital, and at the end of each month, submit the platform’s available and required liquid capital, a summary of bank loans, advances, credit facilities as well as a profit and loss analysis to the SFC.

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