TechFlow reports that the Hong Kong Securities and Futures Commission (SFC) has reminded virtual asset trading platforms that if they have not applied for a license from the SFC by February 29, 2024, they must cease operations in Hong Kong by May 31, 2024. Operating without a license is a criminal offense.
Investors should verify the regulatory status of trading platforms and only trade virtual assets on platforms licensed by the SFC to avoid potential risks.
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