The Hong Kong Securities and Futures Commission today issued licenses to four virtual asset trading platforms under expedited licensing procedures

PANews reported on December 18 that according to Sina Finance, the Hong Kong Securities and Futures Commission today issued licenses to four applicants for licensed virtual asset trading platforms according to the expedited licensing procedure. The four virtual asset trading platform applicants are Cloud Account Greater Bay Area Technology (Hong Kong) Co., Ltd., DFX Labs Company Limited, Hong Kong Digital Asset Trading Group Co., Ltd. and Thousand Whales Technology (BVI) Limited. The SFC is reviewing the remaining applications under the same expedited licensing process.

Dr. Ye Zhiheng, Executive Director of the Intermediary Department of the China Securities Regulatory Commission, said: "The Commission has been proactively communicating with the senior management and ultimate controllers of virtual asset trading platforms. This move helps us clarify the regulatory standards they should meet and accelerate the development of virtual asset trading platforms. Licensing process. The Association is committed to striking a balance between safeguarding the interests of investors and promoting the sustainable development of Hong Kong’s virtual asset ecosystem.”