According to Planet Daily, the Hong Kong Securities Regulatory Commission announced that all virtual asset trading platforms must submit license applications before February 29, 2024 to continue operating in Hong Kong. Platforms that fail to apply on time must cease business in Hong Kong before May 31, 2024. The China Securities Regulatory Commission reminds investors to only trade through licensed platforms to ensure safety. At the same time, investors should check whether the platform is on the regulatory list of the China Securities Regulatory Commission and avoid using unapproved platforms to reduce transaction risks.