ChainCatcher news, the 12-month licensing transition period for virtual asset trading platforms has ended, with 11 platforms temporarily considered as licensed. The CEO of the Hong Kong Securities and Futures Commission, Ashley Alder, stated that further research will be conducted to determine whether all applications meet regulatory requirements. All institutions "considered as licensed" will receive notifications one by one for on-site inspections, and will be required to correct any non-compliance with regulations; otherwise, applicants will have to exit. It is hoped that the relevant institutions will prepare adequately, and if they meet the qualifications, they are expected to gradually obtain licenses before the end of the year.