SFC urges investor to check regulatory status of virtual asset trading platforms as transition period will end soon

The Securities and Future Commission wishes to remind investors to only trade virtual asset on SFC licensed virtual trading platform.

In Particular, investors should check whether a VATP virtual asset trading platform is on the “List of licensed virtual trading platform. ” or on the “List of virtual trading platform applicants”. As trading platform on list of virtual trading platform applicants  may NOT be in compliance with the SFC’s requirements. These VATPs may NOT eventually be granted licence as the SFC may return or refuse their applications. 

The SFC warns the public that applications submitted by applicants on the ”List of virtual asset trading platform applicants” are still being processed and they may or may not be approved. Hence, trading on list of virtual asset trading platform carries a potential risk.

Resource: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR14

https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/02/20240201-3/

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