Hong Kong's Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) plan to legislate a licensing system for cryptocurrency trading and custody firms, Cointel...

Hong Kong's Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) plan to legislate a licensing system for cryptocurrency trading and custody firms, Cointelegraph reported. The two agencies announced they have concluded consultations on the new framework.

This mandatory system builds upon an optional licensing regime introduced in 2020, under which 11 companies have so far received SFC approval. On the same day, the SFC also released a consultation paper on introducing a licensing system for crypto advisory and management service providers.

Hong Kong to legislate licensing for crypto trading and custody firms

CEO ether.fi believes that neither Bitcoin nor Ethereum are currently truly high-quality currencies, however, he believes that the ultimate form of a superior currency in the future...

CEO ether.fi: Neither Bitcoin nor Ethereum are high-quality cryptocurrencies yet.

Offchain Labs – the research and development team behind Arbitrum – recently announced a further increase in its ARB Token holdings, further reinforcing its long-term investment commitment to the company...

The Arbitrum team announces the purchase of additional ARB Token , increasing its investment in the project's core operations.

PIPPIN continues to draw market attention as traders assess whether recent strength can extend into another upside phase. On the 4-hour chart, the token maintains a clear medium-term uptrend, despite ...