The Hong Kong Securities and Futures Commission recently announced that it has issued licenses to four virtual asset trading platforms through a fast-track licensing process, including Cloud Account Greater Bay Area Technology (Hong Kong), DFX Labs, Hong Kong Digital Asset Trading Group, and Thousand Whales Technology. These platforms must complete rectifications and pass independent third-party vulnerability assessments and penetration tests before they can operate within a restricted scope. The Securities and Futures Commission will supervise the second phase of assessment through a tripartite agreement, and business restrictions will be lifted after the assessment is completed. In addition, the Commission plans to release more licensing guidelines in early 2025 to support the development of Hong Kong's virtual asset ecosystem. 🔍📈