Ripple’s XRP omitted from Hong Kong regulator’s approved list of cryptos
Ripple’s XRP brushed other than Hong Kong regulatorâs authorized listing of cryptos Ripple’s XRP brushed other than Hong Kong regulatorâs authorized listing of cryptos
While Ripple eyes broader adoption by ETFs and futures, Hong Kong's caution clouds XRP's regional possibilities.
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As XRP continues its climb, racking up nods from global regulators and initiatives to develop adoption including a likely Grayscale XRP ETF and CME XRP futures, a shadow of doubt is solid upon its regulatory standing in the Chinese special administrative save of Hong Kong.
Rippleâs XRP conspicuous for its absence
On Jan 27, Hong Kong’s monetary regulator, the Securities and Futures Charge (SFC) granted licenses to two local exchanges, PantherTrade and YAX, to goal in the cityâthe first crypto trading licenses issued in 2025.
Particularly, the SFC has entirely authorized four cryptocurrencies for trading: Bitcoin, Ether, Avalanche, and Chainlink. The absence of Ripple’s XRP from this listing raises questions in regards to the regulatory stance of this particular cryptocurrency in the save. Regardless of its frequent global adoption, XRP is no longer currently authorized for trading in Hong Kong.
Strict guidelines for exchanges including AML and CTF
Licensed exchanges in the save are required to conform with strict guidelines, including anti-cash laundering (AML) and counter-terrorist financing (CTF) guidelines. To date, 10 crypto exchanges bask in registered below these guidelines and are authorized to goal digital asset trading platforms in Hong Kong.
The SFC had before all the pieces deliberate to approve 11 crypto trading platforms by the terminate of 2024 but faced delays ensuing from rigorous compliance checks. In December 2024, four digital asset trading platforms had been granted licenses, and regulators continue to work closely with alternate executives to make certain they meet monetary requirements.
The goal for as adversarial to XRP from the authorized listing is unclear, but it'd be connected to Ripple’s ongoing like minded considerations in assorted countries. The SFC has no longer equipped any reliable goal in the back of this resolution.
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Christina Comben
Christina is a web3 creator, editor, and mutter material supervisor with a ardour for technology and starting indispensable conversations. As an replace OG, sheâs no longer phased by market volatility and regularly scrimps on Starbucks to BTFD.
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The XRP Ledger is a decentralized cryptographic ledger powered by a community of explore-to-explore servers.
Ripple
Ripple is a US-basically based entirely mostly technology company which develops the Ripple price protocol and alternate community the usage of XRP, the digital asset native to the XRP Ledger.
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