Hong Kong has granted licenses to four new cryptocurrency exchanges, including Accumulus GBA Technology and DFX Labs, reinforcing crypto regulation and supporting the development of digital assets in the region 📈

The Hong Kong Securities and Futures Commission has issued licenses to four new cryptocurrency exchanges, including Accumulus GBA Technology, DFX Labs, Hong Kong Digital Asset EX, and Thousand Whales Technology. This move strengthens the city’s crypto regulation and supports cryptocurrency platforms amid the rise in Bitcoin prices. Licensed exchanges are required to undergo additional security checks, which will help protect investors’ interests. Three licensed platforms are already operating in Hong Kong, and several other companies are in the process of obtaining permits.