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The Hong Kong Securities and Futures Commission is expected to issue the first batch of formal licenses to applicants who have been identified as licensed virtual asset trading platforms by the end of this year.
Jinsan data news on October 28th, the current regulatory measures of the Hong Kong Securities and Futures Commission include risk-based on-site inspections and direct dialogue with senior management and controllers of applicants. Based on this, the Hong Kong Securities and Futures Commission is implementing a fast-track licensing approval process to deal with applicants for virtual asset trading platforms that are considered to be licensed. The Hong Kong Securities and Futures Commission expects to issue the first batch of formal licenses to virtual asset trading platform applicants considered to be licensed by the end of this year.