This regulatory crackdown demonstrates the SFC's dedication to promoting a safe and transparent atmosphere for virtual asset trading.
Gate.HK is preparing for a significant overhaul to ensure compliance with regulations and intends to resume services following the acquisition of required licenses.
On Tuesday, six newly introduced spot bitcoin and ether exchange traded funds (ETFs) in Hong Kong saw positive gains during their debut, with three bitcoin ETFs surging over 2% by midday, showcasing Asian investor interest in cryptocurrency assets.