Regulation

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

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

The aim of the assembly was to handle trade leaders’ questions and considerations relating to coverage and regulation. The watchdogs are additionally trying to encourage digital asset exchanges to think about license necessities.

Gate Group mentioned that they assist the SFC’s current efforts to manage digital asset buying and selling platforms and license digital asset funds.

Gate Group CEO Lin Han mentioned:

“We’re happy to have had the chance to attend this essential assembly and share our ideas on the way forward for digital belongings 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 intently with regulators and trade stakeholders to realize 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.

Gate.io — a part of Gate Group — additionally not too long ago launched a $100 million trade liquidity assist fund in efforts to assist and assist restore confidence within the crypto trade.

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

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