According to Commercial Radio News, the 12-month licensing transition period for virtual asset trading platforms has ended, and 11 platforms are temporarily deemed to have been licensed. The Chief Executive Officer of the Hong Kong Securities and Futures Commission, Leung Fung-yee, revealed that on-site inspections will be conducted on the virtual asset trading platforms that are deemed to have been licensed. The platforms will be notified of the review arrangements one after another. Once they do not meet the requirements, they will be required to make corrections or even withdraw from the market. It is estimated that licenses will be issued to qualified platforms before the end of the year.