Hong Kong: Securities and Futures Commission adopted revised licensing process for virtual asset trading platforms
Description
Securities and Futures Commission adopted revised licensing process for virtual asset trading platforms
On 18 December 2024, the Securities and Futures Commission (SFC) issued a circular outlining a revamped licensing process and second-phase Assessment for virtual asset trading platforms (VATPs). The circular introduces a new approach wherein VATPs m…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body