|
|
Hong Kong enforces a minimum insurance requirement of 50% for compliant cryptocurrency exchanges.
On January 30th, it was reported that the Securities and Futures Commission (SFC) of Hong Kong, in order to ensure the safety of investor funds, has mandated licensed cryptocurrency exchanges to provide a minimum of 50% insurance coverage for client assets. This measure aims to strengthen the cryptocurrency market and protect users from potential security vulnerabilities or bankruptcy risks. Licensed exchanges such as OSL Exchange and HashKey Exchange have taken steps to offer insurance coverage beyond the required minimum, enhancing investor confidence in the cryptocurrency market. |
|
Post time 15-2-2024 11:45:34