<ul><li>The Securities and Futures Commission (SFC) plans to approve more cryptocurrency exchanges in Hong Kong by the end of 2024.</li><li>Following the approval of HKVAX, there are now 11 exchanges awaiting green lights, solidifying Hong Kong's plan to create a regulated crypto ecosystem.</li><li>The SFC aims to issue permits in batches before the end of the year and strengthen Hong Kong's position as a major player in the Web3 and crypto industries.</li><li>Hong Kong has experienced significant growth in the crypto industry, ranking 30th on the Global Crypto Adoption Index and introducing spot bitcoin ETFs earlier this year.</li></ul>

Hong Kong to Approve More Crypto Exchanges by End of 2024

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