TechFlow reported on January 22 that, according to Zhitong Caijing Network, Ye Zhiheng, Executive Director of the Intermediaries Division at the Hong Kong Securities and Futures Commission (SFC), revealed that new licenses for virtual asset trading platforms are expected to be approved soon, with positive developments anticipated in the first quarter of 2025. It is understood that regulators have completed on-site inspections of all applicants, and currently, 11 platforms remain on the application list.
Ye emphasized that regulators will strictly uphold key requirements concerning investor protection and cybersecurity. Meanwhile, the SFC plans to establish a licensed platform consultation group after the Lunar New Year, inviting senior executives from licensed platforms to participate, ensuring industry perspectives are fully considered during policy formulation.
