TechFlow reports, according to Ming Pao, the Securities and Futures Commission (SFC) of Hong Kong has updated its list of virtual asset trading platforms. Under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, 11 platforms—HKbitEX, PantherTrade, Accumulus, DFX Labs, Bixin.com, xWhale, YAX, Bullish, Crypto.com, WhaleFin, and Matrixport HK—are now considered licensed. On the application list, only six platforms—BGE, HKVAX, VDX, bitV, HKX, and bitcoinworld—remain unclassified as licensed.
The SFC reminds the public that all virtual asset trading platform applicants listed have not yet been formally licensed and may not necessarily comply with SFC requirements. The SFC recently warned that the non-prosecution period for virtual asset trading platforms operating in Hong Kong under the AML Ordinance will end on June 1. Starting June 1 this year, all virtual asset trading platforms operating in Hong Kong must either be licensed by the SFC or be "deemed licensed" applicants. Operating a virtual asset trading platform in Hong Kong without compliance is a criminal offense, and the SFC stated it will take all appropriate actions against any violations.
The SFC also emphasized that deemed-licensed platform applicants are not expected to actively promote their services or establish business relationships with retail customers before the SFC is satisfied with the actual implementation and effectiveness of their policies, procedures, systems, and controls and they are formally licensed.
![In-depth Analysis of Trade[XYZ]: How Were 92 Markets and 98% HIP-3 Trading Volume Established?](https://upload.techflowpost.com/upload/images/20260716/20260716061117965147.jpeg?x-oss-process=image/resize,p_50/quality,q_80)
