Crypto Trading Guidelines Expected from Hong Kong Securities Futures Commission in May

Although most Virtual Asset Service Provider (VASP) license applicants are still awaiting confirmation, some trading platforms are already providing crypto-related services to investors under the supervision of the SFC.

As reported by Reuters, OSL and Hashkey Group are among the limited number of trading platforms that have already been granted licenses by the SFC.

Despite Hong Kong's aspirations of becoming a prominent crypto hub, not every trading platform has decided to stay for the long run.

Bitget, a crypto exchange holding $1.4 trillion in assets, recently declared that it will halt services to its Hong Kong clients when the Hong Kong VASP regime becomes effective on June 1st.