Hong Kong may launch a cryptocurrency "exchange shop" licensing system in the short term

According to Ta Kung Pao, the Chief Financial Officer of OSL Group, Hu Zhenbang, revealed in the latest interview that Hong Kong may introduce a licensing system for cryptocurrency "exchange shops" in the short term. In addition, the SAR government has introduced different regulatory measures, including anti-money laundering and prevention of hackers. It has taken the initiative to assume the responsibility of promoting market standardization and actively explore relevant policy formulation plans, which has made Hong Kong's advantages in developing the virtual asset market more and more obvious. Hu Zhenbang said that after the licensing system came into effect, only the account opening process, including identity authentication, etc., has been strictly regulated, and in recent years, the SAR government has taken a very positive attitude towards the development of virtual assets, with new policies to promote market development almost every quarter. The characteristics of Hong Kong's virtual asset licenses have also expanded the advantages of the entire market.