Hong Kong’s SFC Set to Finalize Guidelines for Crypto Exchanges, Settle for License Functions

by Jeremy

Underneath the principles, crypto exchanges are to keep up always a minimum of 5,000,000 Hong Kong {dollars} ($640,00) in capital, and on the finish of every month, submit the platform’s out there and required liquid capital, a abstract of financial institution loans, advances, credit score amenities in addition to a revenue and loss evaluation to the SFC. Accredited tokens on regulated exchanges want a 12 month “observe report,” based on the principles.

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