The Hong Kong Securities and Futures Commission expects to issue the first batch of formal licenses to applicants for virtual asset trading platforms that are deemed to be licensed before the end of the year.

Odaily News The Hong Kong Securities and Futures Commission's current regulatory measures include risk-based on-site inspections and direct dialogue with the applicant's senior management and controllers. On this basis, the Hong Kong Securities and Futures Commission is implementing a rapid licensing approval process to handle applicants for virtual asset trading platforms that are deemed to be licensed. The Hong Kong Securities and Futures Commission expects to issue the first batch of formal licenses to applicants for virtual asset trading platforms that are deemed to be licensed before the end of this year. (Jinshi)