TechFlow reported, according to Hong Kong media Oriental Daily, that Ms. Julia Leung, Chief Executive Officer of the Securities and Futures Commission (SFC), stated that since the implementation of the Virtual Asset Trading Platform (VATP) licensing regime in June 2023, nine licenses have been issued so far, with another nine applications under review. She expects new licenses to be granted within this month.
Ms. Leung disclosed that the SFC will establish a formal consultation panel for licensed VATPs and develop a roadmap for virtual asset development. The plan includes exploring new areas such as custody services and over-the-counter (OTC) trading, while also considering introducing additional products and services to enhance market competitiveness.
