The Hong Kong Securities and Futures Commission issued a document to remind industry players and investors that the period for virtual asset trading platforms to submit license applications to the Securities and Futures Commission to continue operating in Hong Kong on or after June 1, 2024 (i.e. February 29, 2024) has ended.
According to the transitional arrangement, any virtual asset trading platform currently operating in Hong Kong that fails to submit a license application to the Securities and Futures Commission on or before February 29, 2024 must end its license in Hong Kong on or before May 31, 2024. business.
These virtual asset trading platforms must obtain the necessary SFC licenses before they can resume their business activities in Hong Kong or actively promote their virtual asset services to Hong Kong investors. It is a criminal offense to conduct any unlicensed activities.