Home Blockchain News Hong Kong’s SFC Set to Finalize Rules for Crypto Exchanges, Accept License Applications

Hong Kong’s SFC Set to Finalize Rules for Crypto Exchanges, Accept License Applications

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Hong Kong’s SFC Set to Finalize Rules for Crypto Exchanges, Accept License Applications

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Under the rules, crypto exchanges are to maintain at all times no less than 5,000,000 Hong Kong dollars ($640,00) in capital, and at the end of each month, submit the platform’s available and required liquid capital, a summary of bank loans, advances, credit facilities as well as a profit and loss analysis to the SFC.

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