Hong Kong: Compliant Global Virtual Asset Platforms Can Apply for Licenses, 13 Currently Licensed

Cointime update: Hong Kong’s Acting Secretary for Financial Services and the Treasury, Joseph Chan, said international virtual asset trading platforms meeting statutory and Securities and Futures Commission (SFC) requirements may apply for a license to operate in the city, with 13 platforms now licensed by the SFC. Chan said the government and SFC will soon submit a bill to the Legislative Council to bring more types of virtual asset services under the regulatory regime, and that the SFC and Invest Hong Kong are in contact with international platforms.