pprnihub-Hong Kong crypto frenzy, DeFi token surges 550%, NBA China NFTs — Asia Express
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Our weekly roundup of news from East Asia curates the industrys most important developments.
On Feb. 20, the Securities and Futures Commission (SFC) of Hong Kong launched a consultation on its proposed regulatory requirements for digital asset trading platforms.
The SFC requires the licensing of all cryptocurrency exchanges operating in Hong Kong, or soliciting services from Hong Kong investors, by June 2023.
In addition, the SFC said it will seek feedback on whether licensed platform operators should be allowed to provide services to retail investors and what measures should be implemented to ensure suitability and token inclusion when establishing business relationships with customers.
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