According to the source, reports claim Hong Kong will allow licensed crypto exchanges to connect local entities with global order books, but this has not been confirmed by any official SFC circular, press release, or Gazette notice at the time of writing (source: Hong Kong Securities and Futures Commission official website). Traders should wait for an SFC announcement and verify changes via the SFC’s News section, Circulars, and the Public Register of Licensed Persons and Registered Institutions before adjusting positions, given regulatory updates directly determine venue access, liquidity, and routing compliance in Hong Kong (source: Hong Kong Securities and Futures Commission official website).

According to @business, Julia Leung is set to be given another three-year term as head of the Hong Kong Securities and Futures Commission, extending leadership continuity at the regulator; source: Bloomberg. For crypto traders, the SFC administers Hong Kong’s licensing regime for virtual asset trading platforms that took effect in 2023, defining admission, custody, and investor-protection rules that directly influence exchange operations and market structure; source: Hong Kong SFC. Traders should monitor official SFC circulars and licensing updates, as these documents set conditions and permissions that impact access, compliance, and liquidity in Hong Kong’s crypto market; source: Hong Kong SFC.

According to CCData_io, significant developments in the cryptocurrency market include FTX customers being set to receive full repayment, a move that could restore confidence among investors affected by previous issues. Additionally, Hong Kong’s Securities and Futures Commission (SFC) plans to approve more cryptocurrency exchanges by the end of the year, potentially increasing market access and liquidity. Furthermore, Bitcoin is highlighted as the best-performing asset of 2024, underscoring its continued dominance and appeal to traders.