Hong Kong Securities and Futures Commission's Ye Zhiheng: New license for virtual asset trading platform will be approved in the near future

On January 22nd, according to the Zhitong Finance website, Ye Zhiheng, the Executive Director of the Hong Kong Securities and Futures Commission's intermediary agency department, revealed that the new license for virtual asset trading platforms will be approved soon and there is expected to be good news in the first quarter of 2025. It is reported that the regulatory authorities have completed on-site inspections of all applicants, and currently there are 11 platforms on the application list.

Ye Zhiheng emphasized that the regulatory authorities will strictly adhere to the bottom line of investor protection and network security and other regulatory requirements. At the same time, the Hong Kong Securities and Futures Commission plans to establish a licensed platform consulting group after the Lunar New Year, inviting senior executives from various licensed platforms to participate, to ensure that industry opinions are fully considered in the policy-making process.