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Hong Kong Securities Regulator to Accept License Applications for Crypto Exchanges Starting June 1

The SFC's guidelines prohibit crypto "gifts" designed to incentivize retail investments, which likely includes airdrops, and says stablecoins should not be admitted for retail trading until they are regulated.

The SFC will start accepting license applications for crypto exchanges in June.  (Ruslan Bardash/Unsplash)
The SFC will start accepting license applications for crypto exchanges in June. (Ruslan Bardash/Unsplash)