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One Year After: The Evolution of HK's Crypto Licensing Regime

Donald Day, COO of VDX, provides valuable insights on Hong Kong's evolving digital asset landscape and the city's role as a global digital asset hub.

Donald Day, Chief Operating Officer, VDX (Image: VDX)

The digital assets industry has found a new home in Hong Kong. The city's regulators initially rolled out their comprehensive licensing regime in 2019, and have since further refined it multiple times. Starting June 1 2023, all virtual asset trading platforms, whether already operating or being created, have to either start the application process or cease their operations.

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