Hong Kong to Advance Crypto Market with New License

Hong Kong digital asset exchange OSL’s Chief Financial Officer David Wu says that the government might introduce a new license to advance crypto regulation. According to a recent report by Ta Kung Pao, the Hong Kong government may implement a new licensing system for crypto-fiat conversions. This initiative would be part of broader efforts to enhance regulatory clarity and support for the virtual asset market. Wu stated that the new license is expected to improve investor confidence and attract more international investors to the growing market. The regulatory advancement is seen as a significant step in solidifying the region’s position.

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