Odaily Planet Daily News Julia Leung, Deputy Secretary of the Financial Services and the Treasury Bureau of Hong Kong, said that there is still a one-year grace period for crypto exchanges operating in Hong Kong. In June this year, Hong Kong introduced a regulation that crypto exchanges operating in Hong Kong must apply for a virtual asset service provider license from the Hong Kong Securities and Futures Commission before June 2024, otherwise they will face deregistration. During the transition period, unregistered exchanges can operate in Hong Kong. (Cointelegraph)