Hong Kong Securities Regulator to Accept License Applications for Crypto Exchanges Starting June 1

Hong Kong's Securities and Futures Commission (SFC) will begin accepting applications for crypto trading platform licenses on June 1, according to a Tuesday announcement. The regulator has agreed to allow licensed virtual asset providers to serve retail investors, provided that operators assess understanding of the risks involved, according to a report on its consultation on policy recommendations released Tuesday. The rulebook explicitly bans crypto "gifts," designed to incentivize retail customers to invest – which likely includes airdrops. The document also provides more detail on allowing retail investors to use trading platforms.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android