Hong Kong Securities Regulator Says It Now Publishes Names of Entities Seeking Crypto Trading Licences
The Hong Kong securities regulator
has said it now publishes a list of firms seeking to operate crypto trading platforms in the region. Julia Leung Fung-yee, the CEO of the Securities and Futures Commission (SFC), said divulging the names of applicants is intended to help placate an investing public recently ruffled by the Jpex incident.
Hong Kong’s securities regulator
has said it will now reveal the names of companies seeking to run crypto platforms that target retailers from the region. Julia Leung Fung-yee, the CEO of the Securities and Futures Commission (SFC), reportedly said the decision was made to pacify the public.
According to a report in the
South China Morning Post, the regulator’s decision is viewed as a departure from the regulator’s longstanding stance of not divulging the applicants’ names. The announcement of the changes came just
a few days after the crypto exchange Jpex was forced to halt operations.
At the time, a Bitcoin News report said the
trading halt was then followed by the arrests of multiple people and greater scrutiny of the region’s crypto sector. In a subsequent statement, the SFC said the JPEX incident had highlighted the importance of regulating crypto trading platforms.
