Hong Kong Financial Services and the Treasury Bureau: International virtual asset trading platforms may apply for licenses if they meet regulatory requirements; 13 licensed platforms currently in place

According to 深潮 TechFlow, on November 5, citing the Hong Kong Wen Wei Po, Christopher Hui, Acting Secretary of the Financial Services and the Treasury Bureau, said that international virtual asset trading platforms may apply for operating licenses in Hong Kong as long as they meet the relevant legal requirements and the regulatory requirements of the Securities and Futures Commission (SFC). Currently, 13 virtual asset trading platforms in Hong Kong have been licensed by the SFC, and the SFC and InvestHK are engaging with international platforms to introduce Hong Kong's regulatory requirements and market opportunities.

Hui said the HKSAR Government and the SFC will soon submit a legislative amendment bill to the Legislative Council to bring more types of virtual asset services under the regulatory regime, so as to facilitate international service providers conducting business in Hong Kong. The products and services that licensed platforms in Hong Kong can offer are also gradually expanding, including access to global liquidity and the development of digital assets and tokenized products under appropriate safeguards.

Source: 深潮 TechFlow