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Cryptopolitan 2024-01-29 21:36:38

Hong Kong mandates crypto exchange insurance at 50% for licensing

Marking a bold move in the cryptocurrency sector, Hong Kong’s Securities and Futures Commission (SFC) has recently mandated a minimum insurance requirement of 50% for licensed crypto exchanges managing customer assets. This groundbreaking rule, aiming to bolster the security and integrity of digital asset exchanges, reflects Hong Kong’s commitment to establishing a robust and reliable

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