Crypto

Hong Kong SFC to Establish ‘Consultative Panel’ for Licensed Crypto Exchanges

The Securities and Futures Commission (SFC) has announced the formation of a new panel that will include representatives from each licensed exchange. This panel, according to Eric Yip of the SFC, will play a crucial role in shaping the future of the financial industry in Hong Kong.

Yip stated that the panel will be responsible for discussing important issues facing the industry and providing recommendations for regulatory changes. By bringing together key stakeholders from all licensed exchanges, the SFC aims to ensure that the voices of all parties are heard in the decision-making process.

This initiative by the SFC highlights the importance of collaboration and cooperation in the financial sector. By working together, industry players can address challenges more effectively and create a more sustainable and resilient financial ecosystem.

With the formation of this panel, the SFC is taking proactive steps to strengthen the regulatory framework and promote innovation in the financial industry. By fostering dialogue and collaboration among key players, the SFC hopes to drive positive change and ensure the long-term success of the industry.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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