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Hong Kong’s SFC proposes expanding crypto regulatory staff in new fiscal budget

The Hong Kong Securities and Futures Commission (SFC) has proposed hiring 15 new staff members focused on cryptocurrency regulation to enhance its capacity for oversight.

For the fiscal year 2025-2026, the SFC estimates a budget of HK$2.59 billion, a 7.2% increase from the previous year, primarily due to rising personnel costs.

Since launching its crypto licensing regime in June 2023, Hong Kong has recently licensed two more trading platforms, bringing the total to nine.

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