TechFlow reported, according to the official website of the Securities and Futures Commission (SFC) of Hong Kong, the consultation period for proposed regulatory requirements for virtual asset trading platform operators licensed by the SFC ended on March 31, 2023. Respondents generally supported the proposed regulatory requirements applicable to licensed virtual asset trading platforms. The revised proposals will take effect on June 1, 2023.
In addition, the SFC stated that it has noted widespread support from respondents for allowing licensed virtual asset trading platforms to provide services to retail investors, and will take steps to implement this proposal.
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