Questions tagged [south china morning post report]

Elena Sat Jun 08 2024 | 7 answers 2032

Is crypto com regulated in Hong Kong?｜According to a South China Morning Post report, among the approved exchanges, Crypto.com,originally founded in Hong Kong and now operating from Singapore, stands out as the largest exchange “deemed to be licensed.”

Is Crypto.com regulated in Hong Kong? This question arises given the recent buzz surrounding the cryptocurrency exchange. According to a report by the South China Morning Post, Crypto.com, which was originally founded in Hong Kong and now operates from Singapore, appears to be one of the largest exchanges "deemed to be licensed" among the approved exchanges. However, does this status truly signify regulation in Hong Kong? Is there a formal regulatory framework governing Crypto.com's operations in the territory? Or is this simply a recognition of the exchange's scale and influence? It's crucial to understand the nuances of this regulatory status and how it impacts investors and users in Hong Kong.