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. Approved tokens on reg­u­lat­ed exchanges need a 12 month “track record,” accord­ing to the rules.

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