Crypto exchange Bullish has been licensed to operate in Hong Kong, becoming part of a growing number of licensed platforms. Concurrently, the Consensus event is being held here for the first time.
Bullish license in Hong Kong
The cryptocurrency platform Bullish has received a license to operate in Hong Kong from the Securities and Futures Commission (SFC). This makes it the 10th licensed crypto exchange in Hong Kong. Bullish's senior vice president, Michael Lau, emphasizes Hong Kong's importance as a business hub, adding that the company has over 100 staff in the region.
Consensus event in Hong Kong
Bullish recently acquired CoinDesk, a platform that organizes major events in the crypto industry, including the Consensus forum. This year, for the first time, the event is being held in Hong Kong. The event has started and will continue at the Hong Kong Convention and Exhibition Centre until February 20th. Michael Lau noted that choosing Hong Kong was a strategic decision.
Regulatory future in Hong Kong
Hong Kong continues to expand its digital asset economy, including licensing approved firms. Currently, eight platforms are awaiting SFC approval. According to the SFC director, licenses will only be granted to those meeting the required standards.
Hong Kong emphasizes its role in shaping the virtual asset market by licensing companies in this sector. Bullish and the Consensus event in Hong Kong signify the importance and potential of the region in the crypto industry.
