The approvals bring the total number of licenced virtual asset firms to seven, as Hong Kong moves to revive its crypto industry.

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Hong Kong licenses 4 more crypto exchanges amid bitcoin price surge

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Hong Kong has committed to implementing the Crypto-Asset Reporting Framework (CARF) by 2026, aiming to enhance tax transparency and combat cross-border tax evasion, with automatic exchanges set to begin in 2028. The post Hong Kong Pledges Crypto Asset Reporting Framework by 2026 to Combat Tax...

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Hong Kong Pledges Crypto Asset Reporting Framework by 2026 to Combat Tax Evasion

Hong Kong has been promoting itself as a hub for assets such as cryptocurrencies in a effort to maintain its attractions as a financial centre

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Hong Kong approves four more cryptocurrency exchanges

Hong Kong's securities regulator has approved four new cryptocurrency exchanges, marking a significant step in the city's efforts to position itself as a digital asset hub.

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CoinStats - Hong Kong Approves Four New Crypto Exchanges,...

Hong Kong grants permits to four additional cryptocurrency exchanges in response to a spike in bitcoin prices. These approvals increase the overall count of licensed digital asset companies to seven, indicating Hong Kong's efforts to rejuvenate its cryptocurrency sector. The green light has been given as the city takes steps to bolster the digital asset regulatory system it started two years ago. The aim is to rejuvenate the cryptocurrency indus…

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Hong Kong Amplifies Crypto Industry: Licenses 4 More Exchanges Amid Bitcoin’s Historic Surge

The Hong Kong government has reaffirmed its intention to adopt a global crypto tax reporting framework by 2028, according to a recent statement. This decision followed recent discussions with the Organization for Economic Cooperation and Development (OECD) Global Forum on Transparency and Exchange of Tax Information. The framework, introduced in June 2023, expands the existing…

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Hong Kong’s path to crypto-friendly leadership expands with tax framework adoption

Hong Kong is solidifying its position as a global digital asset hub by granting licenses to four new cryptocurrency exchanges. Accumulus GBA Technology, DFX Labs, Hong Kong Digital Asset EX, and Thousand Whales Technology are the latest platforms to receive regulatory approval from the Securities and Futures Commission (SFC), bringing the total number of licensed […]

Bitcoin Insider

Amid Bitcoin surge, Hong Kong approves new crypto exchange licenses

The Hong Kong government has reaffirmed its intention to adopt a global crypto tax reporting framework by 2028, according to a recent statement. This decision followed recent discussions with the Organization for Economic Cooperation and Development (OECD) Global Forum on Transparency and Exchange of Tax Information. The framework, introduced in June 2023, expands the existing Common Reporting Standard (CRS) to cover crypto asset transactions. I…

CryptoSlate

Hong Kong's path to crypto-friendly leadership expands with tax framework adoption

Hong Kong’s securities regulator has recently approved four new cryptocurrency exchanges, significantly bolstering the industry. Accumulus GBA Technology, DFX Labs, Hong Kong Digital Asset EX, and Thousand Whales Technology have all received virtual asset trading platform licenses. This strategic move aims to reinvigorate the city’s crypto business and enhance investor protection, contrasting sharply with mainland China’s strict bans on such act…

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LATEST: Hong Kong Officially Approves Four New Bitcoin and Crypto Trading Platforms

The Hong Kong government has committed to implementing a mandatory crypto asset reporting framework by 2026.  On 13 December 2024, Hong Kong authorities made this announcement at the Organization for Economic Co-operation and Development (OECD) Global Forum on Transparency and Effective Exchange of Information in Tax Matters. Importantly, the country is taking the proactive measures regarding crypto regulation to counter cross-border tax evasion…

Hong Kong licenses 4 more crypto exchanges amid bitcoin price surge

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