The Hong Kong Securities and Futures Commission is expected to issue new licenses within this month and plans to explore new areas such as custody business and OTC

2025-02-15 17:43:38

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ChainCatcher news, according to Hong Kong media East Net, the CEO of the Hong Kong Securities and Futures Commission, Ashley Alder, stated that since the implementation of the Virtual Asset Trading Platform (VATP) licensing system in June 2023, 9 licenses have been granted, and another 9 applications are pending approval. It is expected that new licenses will be issued within this month.

Alder revealed that the Securities and Futures Commission will establish a formal advisory group for licensed VATPs and develop a roadmap for virtual asset development, planning to explore new areas such as custody services and over-the-counter (OTC) trading, while also considering the introduction of more products and services to enhance market competitiveness.

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