The Block Crypto News9 minutes ago

Published on July 03, 2024 07:40 GMT+00:00edited on July 03, 2024 07:44 GMT+00:00

Hong Kong’s finance secretary said that the regulators will “review requirements” for cryptocurrency-related activities as necessary as the crypto industry develops.

Christopher Hui, Secretary for Financial Services and the Treasury, said today at a parliamentary questioning that the Hong Kong Monetary Authority and the Securities and Futures Commission would “keep in view market developments and review the requirements on VA-related activities as appropriate.” He made the comment when questioned by a lawmaker about whether the regulators would speed up the vetting process for crypto licenses and relax rules for the distribution of crypto assets by intermediaries.

Hui noted that licensed corporations or registered institutions can distribute crypto-related products after notifying the …