No license does not "Authorize and regulate bitcoin exchange operations in Hong Kong."

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As of June 1, 2023, the new regulation for cryptocurrency platforms in Hong Kong will come into force, where trade will flow in this administrative region of China.

The new regulatory measure warns that, from the beginning of June of this year 2023, all those providers of cryptocurrency services should obtain a license that allows them to continue operating with privileges in Hong Kong.

Otherwise, no one will be able to operate without licenses and, "they should all finish their operations in an orderly manner."

This regulation will come to them at a given moment, in which several of the companies from the United States and Hong Kong and China will raise the commercialization and open operations in that Asian continent.

As reported in the news by television, the Secretary of Financial Services and China "Christian Hui", I emphasize that several of the bitcoin and cryptocurrency companies are being of great interest in your country since last year 2022.

It is also affirmed according to rumors, that he expressed that many of the companies are agreeing to their physical presence in that nation.

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The CCTV television channel in China, released the news and broadcast it live to publicize this news about the adoption of cryptocurrencies in Hong Kong in the world and all those regulations that will enter into force in the next few days from the last week of the month of May that is about to end.

After a long time without information associated with the ecosystem of this bitcoin cryptocurrency in the media of that country.

One of the novelties was since China tightened the ban on censorship against the ecosystem and banned it in 2021.

In the month of September 2021, they decreed the Central Bank of China to classify as illegal all kinds of businesses that have to do with Bitcoin and its associated cryptocurrencies; sanctions against all those who carry out financial activities on bitcoin.

The country of China has banned bitcoin a total of 8 times, maintaining unacceptable control over all operations with this asset and that the commission of crimes thus ratified is not promoted.

After two years of denial about bitcoin in China, an agreement is reached to give it priority under a license in order to give it control due to its use in China under supervision.

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