CoinVoice has recently learned that, according to an official announcement, the Hong Kong Securities and Futures Commission has granted licenses to four virtual asset trading platforms under the fast licensing procedure, 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 rectification 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 assessment through a tripartite agreement, and business restrictions will be lifted once the assessment is completed. The SFC plans to release more licensing procedure guidelines in early 2025 to promote the development of Hong Kong's virtual asset ecosystem. [Original link]