The Securities and Futures Commission in Hong Kong (SFC), is asking for public comments on its latest proposed licensing framework to allow cryptocurrency exchanges. The SFC is seeking feedback from the public. This framework is expected to begin functioning in June 2023.
The most important questions to be answered during the public consultation window are whether licensed exchanges should allow retail investors to use the country’s stock exchanges and what measures should be taken to ensure that there is a wide range of investor protection measures. These questions and more will be addressed. The important question of whether licensed exchanges should be permitted to service institutional investors is another topic that will be raised. The topic of whether or not to permit regulated exchanges in the country to provide services for institutional investors will also be discussed.
The Securities and Futures Commission (SFC), released a statement on February 20 that described the new licensing structure for the industry and gave a summary of the consultation process. All central cryptocurrency trading platforms operating in Hong Kong must obtain a license from this regulatory body to continue to do business in the region, in accordance to the newly adopted licensing regulations.
The Securities and Futures Commission of Canada, (SFC), has proposed a set of regulatory standards. They are derived based on the prerequisites in place for registered securities brokers and automated trade venues. Canada’s securities and futures markets are regulated by the SFC. To meet the new regulatory requirements, a number of criteria that had been established previously have been changed. These modifications were made.