Gate Group in talks with Hong Kong authorities over crypto policy, regulation

Gate Group stated it mentioned Hong Kong’s current coverage assertion on digital property in a closed-door assembly with the Monetary Providers and Treasury Bureau (FSTB), the Securities and Futures Fee (SFC) and Make investments Hong Kong, in keeping with a company statement.

The aim of the assembly was to deal with trade leaders’ questions and considerations concerning coverage and regulation. The watchdogs are additionally trying to encourage digital asset exchanges to contemplate license necessities.

Gate Group stated that they help the SFC’s current efforts to control digital asset buying and selling platforms and license digital asset funds.

Gate Group CEO Lin Han stated:

“We’re happy to have had the chance to attend this vital assembly and share our ideas on the way forward for digital property in Hong Kong. We consider {that a} clear and constant regulatory framework is important for the expansion and growth of this sector, and we’re dedicated to working carefully with regulators and trade stakeholders to attain this.”

Gate Group’s Hong Kong-based firm, Gate HK, has obtained the Belief or Firm Service Supplier (TCSP) License — confirming the agency’s place as a worldwide chief within the digital asset service trade. — a part of Gate Group — additionally just lately launched a $100 million trade liquidity help fund in efforts to help and assist restore confidence within the crypto trade.

The submit Gate Group in talks with Hong Kong authorities over crypto policy, regulation appeared first on CryptoSlate.

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