Hong Kong media: The Hong Kong Securities and Futures Commission will approve another virtual asset trading platform license this month, intending to explore custody and OTC business support

PANews reported on February 15 that according to a Hong Kong media report from East Net, the Hong Kong Securities and Futures Commission may approve another virtual asset trading platform license this month. The Hong Kong Securities and Futures Commission will implement the virtual asset trading platform (VATP) licensing system from June 2023. Chief Executive Officer Leung Fung-yee said that a total of 9 licenses have been approved so far, and there are still 9 pending approvals. It is predicted that another platform will be issued a license within the month. In terms of the proposed virtual asset development roadmap, Leung Fung-yee pointed out that the development of virtual assets is not only licensed platforms, but also custody business, over-the-counter (OTC), etc., and the opinions of different units will be collected at that time. Leung Fung-yee also said that the current trading liquidity of virtual asset trading platforms has room for improvement, and will consider whether to introduce more products and services to enhance market competitiveness.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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