TechFlow reported on December 18 that, according to an official announcement, the Hong Kong Securities and Futures Commission (SFC) has granted licenses to four virtual asset trading platforms under its fast-track licensing procedure, including Yunkuaizhang DGB Science & Technology (Hong Kong), DFX Labs, Hong Kong Digital Asset Exchange Group, and Thousand Whales Technology. These platforms must complete rectifications and pass vulnerability assessments and penetration testing conducted by independent third parties before they can operate within restricted scopes. The SFC will oversee the second-phase evaluation through tripartite agreements, and business restrictions will be lifted only after the evaluation is completed. The SFC plans to release additional licensing guidelines in early 2025 to promote the development of Hong Kong's virtual asset ecosystem.
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