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Hong Kong Securities and Futures Commission Holds Inaugural Virtual Asset Advisory Group Meeting

BlockBeats News, February 14th, the Securities and Futures Commission (SFC) of Hong Kong held its first Virtual Assets Consultation Group meeting with licensed virtual asset trading platforms today. The group, chaired by Dr. Leung Chik-heng, Executive Director of the SFC's Intermediaries Division, includes all licensed virtual asset trading platforms with representatives from their senior management. The group will provide valuable input for the SFC to formulate regulatory policies to further promote the development of a sustainable and resilient virtual asset ecosystem. Through collaboration with its members, the group will identify policy priorities to pave the way for a market and regulatory development based on investor protection. (Jinse)

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Under the new licensing regime, which will take effect on June 1, 2023, all centralised virtual asset trading platforms doing business in Hong Kong or actively marketing to Hong Kong investors will need to obtain a licence from the Securities and Futures
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