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Hong Kong's Central Bank Issues Guidance for Firms Offering Cr | Crypto Market Time

Hong Kong's Central Bank Issues Guidance for Firms Offering Crypto Custodial Services

Hong Kong's central bank issued guidance for authorized institutions interested in offering custody services for digital assets as the territory attempts to reclaim its title as a crypto hub. The Hong Kong Monetary Authority (HKMA) guidance issued Tuesday adds to the licensing regime introduced last year that gives crypto exchanges a pathway to operate in a regulated manner.

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