The Hong Kong Securities and Futures Commission's fast-track licensing program has been extended to new applicants for virtual asset trading platform licenses

2025-01-16 17:59:28

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ChainCatcher news, according to the official website, the Hong Kong Securities and Futures Commission (SFC) announced today that all new applicants for virtual asset trading platform licenses can apply for licenses under the SFC's fast-track licensing procedure.

The new licensing method requires virtual asset trading platform applicants to first establish internal policies, procedures, systems, and measures, and to conduct external assessments of the relevant measures. The SFC becomes a participant in the monitoring process, thereby overseeing the entire external assessment process.

The SFC issued a circular today to provide guidance for new virtual asset trading platform operators. The SFC also published results of risk-related on-site inspections, further clarifying the regulatory standards that the SFC expects virtual asset trading platforms to meet when applying.

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