Hong Kong Says 11 Crypto Exchanges Are Closer to Getting Permits

(Bloomberg) — Hong Kong’s securities regulator said 11 cryptocurrency exchanges are a step closer to obtaining licenses, one year after rolling out a digital-asset rulebook to try and foster a hub for the industry.

Applicants including Crypto.com and Bullish are “deemed to be licensed,” the Securities & Futures Commission’s website showed Saturday. Those venues are among platforms on the list with notable trading volumes globally.