HONG KONG PLEDGES MORE LICENSES FOR CRYPTO EXCHANGES BY YEAR-END

Summary from the TLDR Crypto newsletter

Hong Kong's Securities and Futures Commission (SFC) plans to grant more licenses to digital asset exchanges by the end of 2024 following a rigorous inspection period that saw slow approvals due to regulatory concerns. Licensed exchanges will undergo a third-party review before expanding operations. The SFC will establish a consultative panel in early 2025 to enhance collaboration within the crypto sector.