CoinVoice has recently learned that in the latest interview, Leung Fung-yee, CEO of the Hong Kong Securities and Futures Commission, said that 11 platforms are being treated as licensed applicants and are currently undergoing the first phase of on-site review. They have also been asked to make corrections. The goal is to have new progress before the end of the year, including licensing in batches. Applicants who do not meet the requirements will lose their license eligibility, and applicants who meet the requirements will be conditionally licensed.
In terms of cryptocurrency over-the-counter (OTC) services, Leung Fung-yee pointed out that the Hong Kong Securities and Futures Commission has sought industry opinions on a new licensing system for cryptocurrency over-the-counter services and cryptocurrency custody services. It will also promote the development of a regulatory system for virtual asset trading platforms, support the tokenization of traditional products, and use regional chains and Web 3 basic technologies to promote the establishment of a responsible and secure financial technology ecosystem. The entire framework will be completed at least next year. [Original link]