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Cryptopolitan 2024-01-30 06:34:26

Hong Kong Imposes 50% Minimum Insurance Requirement for Licensed Crypto Exchanges

In a bid to ensure the safety of investors’ funds, the Hong Kong Securities and Futures Commission (SFC) has instituted a minimum insurance requirement of 50% for licensed cryptocurrency exchanges that handle customers’ assets. This move is aimed at fortifying the cryptocurrency market and protecting users from potential security breaches or insolvency. Hong Kong Exchanges

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