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Hong Kong Says 11 Crypto Exchanges Are Closer to Getting Permits
Hong Kong’s securities regulator said 11 cryptocurrency exchanges are a step closer to obtaining licenses, one year after rolling out a digital-asset rulebook to try and foster a hub for the industry. Applicants including Crypto.com and Bullish are “deemed to be licensed,” the Securities & Futures Commission’s website showed Saturday. Those venues are among platforms on the list with notable trading volumes globally. Prominent digital-asset outfits such as OKX and Bybit, which regularly command big chunks of activity, withdrew bids for permits. Binance Holdings Ltd., the world’s largest exchange, ... (full story)