TechFlow reports that the Hong Kong Securities and Futures Commission (SFC) has reminded investors to verify the regulatory status of virtual asset trading platforms before March 1, 2024. Platforms operating in Hong Kong that have not submitted a license application to the SFC by February 29 must cease operations in Hong Kong by May 31.
Investors using platforms not listed as licensed or having applied for licensing should take prompt action, such as closing their accounts or transferring to platforms licensed by the SFC.
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