Hong Kong SFC: Virtual Asset Trading Platform Operator License Effective June 1

According to the Hong Kong Securities and Futures Commission (SFC), the "Guidelines for Virtual Asset Trading Platform Operators" came into effect on June 1. The SFC said it welcomes operators of virtual asset trading platforms that are ready to comply with the SFC's standards to apply for a license. Operators who do not wish to apply for a license should proceed to wind down their operations in Hong Kong in an orderly manner. This marks significant progress in Hong Kong's push to become a global virtual asset center. The industry is ready to go. Some of them are eager to submit their applications at the first opportunity.