What are the virtual currency exchanges in Hong Kong? Are Hong Kong virtual currency exchanges legal?

In Hong Kong, virtual currency exchanges have been regulated by law. Starting from June 1, 2019, all exchanges must obtain a license from the Hong Kong Securities and Futures Commission (SFC) to operate legally. Currently, Hong Kong virtual currency exchanges holding SFC licenses include: 1. BC Technology Group; 2. Huobi Technology (Hong Kong); 3. Maicoin; 4. OSL Digital Securities; 5. TideBit.

Hong Kong Virtual Currency Exchange

Legality

The Hong Kong government enacted the "Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill" in 2018, which included virtual currency trading within the scope of supervision. Relevant regulations came into effect on June 1, 2019, stipulating that all virtual currency exchanges in Hong Kong must obtain a license from the Hong Kong Securities and Futures Commission (SFC) to operate legally.

Licensed exchanges

As of now, Hong Kong virtual currency exchanges that have obtained SFC licenses include:

• BC Technology Group
• Huobi Technology (Hong Kong)
• Maicoin
• OSL Digital Securities
• TideBit

Operation Scale

The Hong Kong government has stricter regulations on virtual currency exchanges, resulting in a relatively small number of virtual currency exchanges in Hong Kong. However, these licensed exchanges generally operate on a large scale and have strong strength and credibility.

Features

Features of the Hong Kong Virtual Currency Exchange include:

• Strict supervision: Strict supervision by the SFC to protect the rights and interests of investors.
• Fund Security: Exchanges are required to use safe and reliable technologies and measures to protect users’ funds.
• Legal and Compliance: Business complies with the requirements of Hong Kong laws and regulations to avoid illegal risks.
• Professional and stable: Operated by a professional team with rich financial experience, providing a stable and reliable trading environment.

The above is the detailed content of What are the virtual currency exchanges in Hong Kong? Are Hong Kong virtual currency exchanges legal?. For more information, please follow other related articles on the PHP Chinese website!