Hong Kong to Allow Crypto Platforms Access to Global Order Books in Major Policy Shift
Hong Kong's Securities and Futures Commission (SFC) has unveiled a landmark regulatory shift, permitting licensed cryptocurrency trading platforms to integrate with global order books. The move, announced by SFC CEO Julia Leung during Hong Kong Fintech Week, dismantles the previous closed-loop system that confined platforms to local orders.
"Steady strides in market liquidity and business offerings are essential for sustaining Hong Kong's digital asset ecosystem," Leung stated. The new framework aligns crypto trading with traditional asset regulations, marking the first implementation phase of the SFC's ASPIRe roadmap to attract global platforms and liquidity providers.