XRP is excluded from the Cryptocurrency trading license list of the Hong Kong Securities and Futures Commission.

2025-02-04 03:29:47

According to a report by CryptoSlate, although XRP continues to receive regulatory approval from the majority of global regulatory agencies and expects to launch other futures products such as Grayscale ETF and CME XRP as soon as possible, the Securities and Futures Commission (SFC) of Hong Kong, which is the Securities and Futures Commission ( abbreviated as SFC), released a list of cryptocurrency trading licenses and approvals on January 27, which notably excluded XRP. The Hong Kong Securities and Futures Commission’s attitude towards reviewing XRP has cast a shadow of uncertainty on Ripple’s future development in Hong Kong.

XRP is excluded from the list, but Avalanche and Chainlink are on the list.

On January 27th, the Securities and Futures Commission (SFC) of Hong Kong issued licenses to two local exchanges, PantherTrade and YAX, to operate in Hong Kong. These are the first cryptocurrency exchange licenses issued in 2025. The four cryptocurrencies approved by the SFC include Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), and Chainlink (LINK), but Ripple’s XRP is not on the list. This has raised doubts about the attitude of Hong Kong’s cryptocurrency regulation and the qualification review process for issuing trading licenses, despite XRP

XRP-4.26%

AVAX-5.87%

LINK-4.01%

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