According to TechFlow, Hong Kong Financial Services and the Treasury Bureau Director Paul Chan said that the Securities and Futures Commission strengthened information release in September last year and announced a number of information on virtual asset trading platforms, including the "List of Suspicious Virtual Asset Trading Platforms". As of February 14 this year, a total of 14 trading platforms were listed on the list.
In the past three years (2021 to 2023), the overall number of crimes involving virtual assets was 1,397, 2,336 and 3,415 respectively, involving amounts of HK$824 million, HK$1.704 billion and HK$4.398 billion. As of February 2 this year, the SFC and the Police Force have exchanged intelligence on more than 100 virtual asset trading platforms or virtual asset-related activities.
On February 8 this year, the Treasury Bureau launched a public consultation on the legislative proposal to establish a licensing system for virtual asset over-the-counter trading service providers, which will last until April 12. In addition, the Treasury Bureau and the HKMA jointly launched a public consultation on the supervision of stablecoin issuers in December last year, which will last until February 29 this year.
