The SFC would like to remind the public that the non-breach period for virtual asset trading platforms operating in Hong Kong will end on 1 June 2024.
Applicants (and their ultimate owners) who are deemed to be licensed virtual asset trading platforms are required to comply fully with all regulatory requirements and licensing conditions of the Council. The SFC does not expect these applicants to actively promote their services or establish business relationships with new retail customers until they are satisfied with the actual implementation and effectiveness of their policies, procedures, systems and control measures and are formally licensed.