TechFlow news — According to hk01, the Hong Kong Securities and Futures Commission (SFC), on its 35th anniversary, has outlined four strategic priorities, emphasizing the advancement of regulatory frameworks for virtual asset trading platforms, supporting tokenization of traditional products, and leveraging blockchain and Web3 technologies, with plans to finalize the relevant framework next year.
SFC Chief Executive Officer Julia Leung stated that 11 platforms have currently applied for licensing and are undergoing initial review. She expects new progress by year-end, including potential phased licensing. Additionally, the SFC has developed a new licensing regime for over-the-counter cryptocurrency trading and custody services and is soliciting industry feedback.
