TechFlow reports, on October 29, according to the Hong Kong Wen Wei Po, Edward Yip, Executive Director of Intermediaries Division at the Securities and Futures Commission (SFC) of Hong Kong, stated that three virtual asset trading platform (VATP) licenses have currently been issued, with another 14 applications under review. The SFC is adopting a relatively expedited process to assess applications from 11 platforms that are "deemed licensed," aiming to approve several more licenses by year-end.
In addition, Hong Kong's Financial Services and the Treasury Bureau expects to regulate stablecoins at the product level by the end of this year, followed by regulation at the issuer level next year. The Monetary Authority will issue a third batch of tokenized green bonds, although a concrete timeline has not yet been set.
