🇭🇰Hong Kong crypto landscape update! Since June 2024, authorities are cracking down on unlicensed platforms. Victory Fintech gains a crypto license, joining 11 others, including Bullish, in a stringent regulatory environment. OKX and Bybit previously withdrew applications showing the tough standards. This signals high compliance hurdles, but also greater security for users 🔐. Trading tip: Licensed platforms offer a safer, regulated environment, even if fewer options exist. Remember to DYOR and consider regulatory status. The SFC is also expanding approved activities like virtual asset margin financing (Bitcoin & Ethereum) and perpetual contracts for professional investors. 💰📈💡
Victory Fintech Wins Hong Kong Crypto License
