Hong Kong has introduced a new regulation regarding virtual asset trading platforms, specifically addressing shared liquidity among these platforms. The regulation aims to enhance operational efficiency and foster collaboration in the virtual asset market. By allowing platforms to share liquidity, it is expected to improve trading conditions and attract more participants. This initiative is part of a broader effort to establish a more regulated and secure environment for virtual asset trading in Hong Kong. The circular outlines the requirements and guidelines for platforms to implement shared liquidity practices effectively.
This update was auto-syndicated to Bpaynews from real-time sources. It was normalized for clarity, SEO and Google News compatibility.
