🇭🇰 Hong Kong is set to issue more licenses to crypto exchanges! 📈

- The SFC plans to license 11 virtual asset trading platforms (VATPs) by the end of this year.

- 16 companies are awaiting a decision, 11 of which are already operating but not yet officially licensed.

- The SFC has completed its first round of inspections and will issue licenses in batches to ease regulatory compliance.

- SFC's 2024-2026 plan: promote crypto regulation, tokenize real assets (RWA), and explore blockchain technology.

- Currently, retail investors in HK can only buy 4 types of crypto, but the legal framework will be completed by the end of next year.

- HKVAX has just become the 3rd licensed exchange after OSL and HashKey.

What do you think about the future of crypto in HK? Comment now! 💬