1/N Interpretation of Hong Kong SFC's Consultation Document on Licensing of Virtual Asset Trading Platforms

The Hong Kong SFC released the consultation document on February 20, 2023. This time it was rare to directly propose implementation details.

On this day, it also triggered the market’s speculation on Chinese-concept and Hong Kong-concept cryptocurrencies, and Hong Kong became the new WEB3 holy land.

The content of the document is 312 pages long. I will update some ideas while reading it here. This is just a limited personal opinion and does not serve as any investment advice.