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On Feb. 20, the Securities and Futures Commission (SFC) of Hong Kong launched a consultation on its proposed regulatory requirements for digital asset trading platforms.
The SFC requires the licensing of all cryptocurrency exchanges working in Hong Kong, or soliciting products and companies from Hong Kong consumers, by June 2023.
As smartly as, the SFC stated it will look for suggestions on whether or no longer licensed platform operators must be allowed to present products and companies to retail consumers and what measures must be implemented to substantiate suitability and token inclusion when establishing industry relationships with customers.
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