![Hong Kong Cracks Down on Unlicensed Crypto Exchanges](https://fastpayadayloansas.com/wp-content/uploads/2024/06/wpPdpB9r-600x400.jpg)
Hong Kong Cracks Down on Unlicensed Crypto Exchanges
Unlicensed Exchanges Ordered to Close Hong Kong, a major financial hub, has tightened regulations for cryptocurrency exchanges. The Securities and Futures Commission (SFC) has given unlicensed businesses until May 31st to close or leave the region. This move aims to protect investors from scams and fraud. Stricter Licensing Requirements The SFC has implemented a licensing…