The guidelines for virtual asset trading platforms in Hong Kong come into effect today, and the Securities and Futures Commission has begun accepting applications for virtual asset trading platform licenses

2023-06-01 14:36:19

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ChainCatcher news, according to Securities Daily, starting from June 1, the "Guidelines for Virtual Asset Trading Platform Operators" and "Anti-Money Laundering Guidelines" issued by the Hong Kong Securities and Futures Commission (SFC) will be officially implemented. From this date, the SFC will begin accepting license applications from virtual asset trading platform operators and will allow retail investors to use licensed virtual asset trading platforms.

It is understood that since the SFC announced the license application forms on May 25, some companies have begun preparing to apply for licenses. According to the virtual asset licensing system, it is necessary to apply for a digital asset license and a Virtual Asset Service Provider (VASP) license.

Earlier news today, the SFC issued a circular regarding the transitional arrangements for the licensing system for virtual asset trading platforms. (Source link)

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