TechFlow reports, Hong Kong's Financial Services and Treasury Bureau Director, Xu Zhengyu, stated that the one-year transition period for Hong Kong's virtual asset service provider licensing regime is coming to an end. All virtual asset service providers operating in Hong Kong must submit their license applications by February 29 this year. Any provider that fails to submit an application by February 29 or receives a "non-licensing notice" from the Securities and Futures Commission must cease operations in Hong Kong. (Jinshi)
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