Liang Fengyi: If relevant service providers do not submit a license application, they must end their business in Hong Kong on or before May 31
Leung Fung-yee, the executive director of the Securities and Futures Commission, said that service providers who have not submitted license applications should end their business in Hong Kong by May 31st. The list of applicants is expected to be updated tomorrow.
She also stated at an event that the Securities and Futures Commission issued a letter of recognition for tokenized investment products in November last year, providing very clear guidelines for intermediaries, private equity funds, and others engaged in tokenized securities activities. The content involves due diligence, risk disclosure requirements, and more.
She reiterated that the regulatory principle of the Securities and Futures Commission for tokenized securities products is "same business, same risks, same rules."
Previously, Golden Finance reported that the Hong Kong Securities and Futures Commission stated that virtual asset trading platforms should submit license applications before February 29th, otherwise they must end their business in Hong Kong by May 31st.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cetus Relaunches Post-Exploit, Pursues Trust Revival

AI models lag behind AGI-level reasoning despite recent advances

Heritage launches Dogecoin bourbon with 583,000 DOGE prize

Strategy adds 1,045 Bitcoin for $110 million

Trending news
MoreCrypto prices
More








