The Hong Kong Securities and Futures Commission (SFC) is seeking comments from the general public on its latest proposed licensing framework for cryptocurrency exchanges. The SFC has solicited comments from members of the general public. This framework is expected to become operational from June 2023.

During the public consultation window, some of the biggest questions to be addressed include whether or not licensed exchanges should be allowed to serve retail investors in the country and what kind of measures should be put in place to provide a range of” solid investors. protection measures”. Both questions will be discussed. Another important issue that will be discussed is whether or not licensed exchanges should be allowed to serve institutional investors. In addition to this, the issue of whether or not to allow regulated exchanges in the nation to provide services to institutional investors will also be discussed.

On February 20, the Securities and Futures Commission (SFC) issued a statement outlining a new licensing framework for the industry and providing a summary of the consultation process that had taken place. All centralized cryptocurrency trading platforms now operating in Hong Kong must obtain a license from the regulatory body to continue doing business in that region in accordance with recently implemented licensing regulations in the industry.

The Securities and Futures Commission of Canada (SFC) has developed a set of proposed regulatory standards, which were derived from the prerequisites that already exist for registered securities dealers and automated trading venues. The SFC is responsible for regulating the securities and futures markets in Canada. However, in order to comply with the new regulatory requirements, several previously established criteria have been modified. These modifications have been made.