Category

Securities and Futures Commission

Category

The Securities and Futures Commission (“SFC”) has taken another major step towards establishing a regulatory framework for virtual asset trading platforms, and is now inviting licensing applications from platform operators who are willing and able to comply with new licensing criteria and continuing compliance requirements outlined in the SFC’s recently published Position Paper – Regulation of virtual asset trading platforms (“Position Paper”). Licensing applications are open from 6 November 2019. Background In November 2018, the…