Securities and Futures Commission (SFC) of Hong Kong: Virtual Asset Licensees to Transition to New Suspicious Transaction Reporting Platform by February 2

BlockBeats News, January 26th, the Securities and Futures Commission (SFC) of Hong Kong issued an announcement stating that licensed corporations, SFC-licensed virtual asset services providers, and related entities (collectively known as "licensed entities") are required to transition to the new Suspicious Transaction Reporting and Management System (STREAMS 2) developed by the Joint Financial Intelligence Unit on or before February 2, 2026.

This platform will replace the existing system to enhance automation and analytical capabilities, thereby strengthening the analysis of suspicious transaction reports and the efficiency of disseminating financial intelligence. Starting from February 2, 2026, STREAMS 2 will be the sole channel for submitting suspicious transaction reports, and licensed entities may submit reports in XML format, specified PDF format, or online forms.