Crypto News: As the global digital asset market looks for regulatory clarity from top financial watchdogs, Hong Kong plans to deliver a framework. Hong Kong’s Securities and Futures Commission is reportedly releasing guidelines for crypto exchanges in May. However, this development comes in when one of the biggest financial regulators U.S. Securities and Exchange Commission (SEC) struggled to provide regulatory clarity.
As per reports, Hong Kong Securities and Futures Commission Chief Executive Officer Julia Leung in an event stated that licensing guidelines for digital asset trading platforms in May. She added that the consultation process for crypto exchanges’ regulatory guidelines witnessed more than 150 feedbacks.
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