Hong Kong urges crypto investors: Check platform licenses before deadline
Hong Kong’s Securities and Futures Commission mandates crypto trading platforms to apply for licenses by Feb. 29 or to shut down their businesses by May 31. In a notice issued on Feb. 5, the move aims to safeguard investors , urging them to verify the regulatory status of the platform s they use against the SFC’s published lists of license d and applicant virtual asset trading platform s. The Hong Kong SFC once again reminds that if a virtual asset trading platform operating in Hong Kong fails to submit a license application to the Securities and Futures Commission on or before February 29, 2024, it will have to end its business in Hong Kong on or before May 31,… — Wu Blockchain (@WuBlockchain) February 5, 2024 The SFC’s advisory encourages investors engaged with unlisted platforms to promptly take necessary actions, including account closure, to avoid potential risks. This directive follows the beginning of Hong Kong’s crypto licensing regime in Ju...