Hong Kong Securities and Futures Commission: Virtual asset trading platforms that do not submit license applications before February 29 will cease operations in Hong Kong by the end of May

2024-02-05 15:12:30

Collection

ChainCatcher message, the Hong Kong Securities and Futures Commission reminds investors to check the regulatory status of virtual asset trading platforms before March 1, 2024. According to the transitional arrangements of the SFC's regulatory system for virtual asset trading platforms, any virtual asset trading platform operating in Hong Kong that has not submitted a license application to the SFC by February 29, 2024, must cease its operations in Hong Kong by May 31, 2024.

If the virtual asset trading platform used by investors for buying and selling operates in Hong Kong and is not on the "Licensed Virtual Asset Trading Platform List" or the "Virtual Asset Trading Platform Applicants List," they should prepare in advance before May 31, 2024, such as closing their accounts on these virtual asset trading platforms or transferring to licensed virtual asset trading platforms to trade virtual assets.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.