Hong Kong’s securities watchdog has extended its swift licensing process to more crypto trading applicants in the city.
All new virtual asset trading platform (VATP) applicants can now seek licenses under the Securities and Futures Commission’s (SFC) swift licensing process, according to a statement. The new approach requires applicants to «implement their policies, procedures, systems and controls before conducting an external assessment on these measures».
The latest move follows the regulator’s commitment to introduce more crypto trading licenses in late 2024. In December, four new exchanges were granted approval.
«The SFC is committed to fostering a healthy ecosystem and a robust regulatory framework for the development of…
