TechFlow news: On November 1, the Securities and Futures Commission (SFC) of Hong Kong updated its official website with new information on virtual asset trading platform license applications. Nebulas Exchange submitted an application for a virtual asset trading platform license to the SFC on October 25, 2024. The operating entity listed in the application is "Nebulas Hong Kong Limited," which currently has no Chinese name.
As of now, the SFC has listed a total of 15 applicants for virtual asset trading platform licenses. Under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, HKbitEX, PantherTrade, Accumulus, DFX Labs, Bixin.com, xWhale, YAX, Bullish, Crypto.com, WhaleFin, and Matrixport HK—totaling 11 platforms—are categorized as licensed. The SFC reminds the public that none of the applicants listed have received formal licensing approval from the SFC, and they may not necessarily comply with SFC requirements. It should be noted that the SFC has not formally issued licenses to any of the platforms regarded as "licensed."
The purpose of this list is to assist the public in determining whether a virtual asset trading platform has made false or misleading statements regarding its license application status with the SFC. Before an applicant regarded as "licensed" has its policies, procedures, systems, and controls satisfactorily reviewed and formally approved by the SFC, the SFC does not expect such platforms to actively promote their services or establish business relationships with retail clients.
