Hong Kong SFC: Virtual Asset Trading Regulations to Take Effect from June 1
According to TuoniaoX.com on May 23, the Hong Kong Securities and Futures Commission announced that the consultation period for proposed regulatory requirements applicable to virtual asset trading platform operators licensed by the SFC ended on March 31, 2023. Respondents generally supported the proposed regulatory requirements for licensed virtual asset trading platforms. The revised proposed regulatory requirements will take effect on June 1, 2023. The Hong Kong SFC stated that it noted strong support from respondents for allowing licensed virtual asset trading platforms to provide services to retail investors.
According to TuoniaoX.com on May 23, the Hong Kong Securities and Futures Commission announced that the consultation period for proposed regulatory requirements applicable to virtual asset trading platform operators licensed by the Securities and Futures Commission ended on March 31, 2023. Respondents generally supported the proposed regulatory requirements for licensed virtual asset trading platforms. The revised proposed regulatory requirements will take effect on June 1, 2023.
The Hong Kong SFC stated that it noted strong support from respondents for allowing licensed virtual asset trading platforms to provide services to retail investors. The Commission will implement the proposal to allow licensed virtual asset trading platforms to provide services to retail investors.