According to TechFlow, Ming Pao reported that the Hong Kong Securities and Futures Commission updated the list of virtual asset trading platforms. According to the Anti-Money Laundering and Terrorist Financing Ordinance, 11 platforms including HKbitEX, PantherTrade, Accumulus, DFX Labs, Bixin.com, xWhale, YAX, Bullish, Crypto.com, WhaleFin, and Matrixport HK were considered to have been licensed; only 6 platforms including BGE, HKVAX, VDX, bitV, HKX, and bitcoinworld were left on the application list and were not considered to have been licensed.
The Hong Kong Securities and Futures Commission reminds that all virtual asset trading platform applicants listed in the list have not been licensed and may not comply with the requirements of the Securities and Futures Commission. The Hong Kong Securities and Futures Commission has recently reminded the public that the non-violation period for virtual asset trading platforms operating in Hong Kong under the Anti-Money Laundering Ordinance will end on June 1. From June 1 this year, all virtual asset trading platforms operating in Hong Kong must be licensed by the Securities and Futures Commission in accordance with the Ordinance, or be virtual asset trading platform applicants that are "deemed to be licensed." Operating a virtual asset trading platform in Hong Kong in violation of the Ordinance is a criminal offense, and the Securities and Futures Commission said it will take all appropriate actions against any illegal acts. Hong Kong
The Hong Kong SFC also stated that before the platform applicants deemed to be licensed are satisfied with the actual implementation and effectiveness of their policies, procedures, systems and control measures and are formally licensed, the SFC does not expect the platform to actively promote its services or establish business relationships with new retail customers.
