Hong Kong regulator plans licensing regime for cryptocurrency firms: 102217096
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Hong Kong's Securities and Futures Commission (SFC) is planning to introduce a licensing regime for cryptocurrency firms operating in the city. The SFC aims to regulate cryptocurrency exchanges, fund managers, and other intermediaries under its existing regulatory framework. The move comes as part of Hong Kong's efforts to enhance investor protection and promote the development of the cryptocurrency industry. The SFC will consult the industry on the proposed licensing regime and expects to issue a consultation paper in the first quarter of 2022.

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