SFC extends swift licensing process to new virtual asset trading platform applicants

The Securities and Futures Commission (SFC) has extended its swift licensing process to all new virtual asset trading platform (VATP) applicants, allowing them to implement their systems and controls before an external assessment. This initiative aims to enhance direct engagement and communication with applicants, fostering a robust regulatory framework for virtual assets in Hong Kong. A circular providing additional guidance and findings from recent inspections was also issued to clarify regulatory expectations. Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=25PR6