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

On January 22, according to a report by Zhitong Financial Network, Ye Zhiheng, executive director of the intermediary department of the Hong Kong Securities Supervision Commission, revealed that the new license of the virtual asset trading platform will be approved in the near future, and it is expected that there will be good news in Quarter 1 in 2025. It is reported that the regulator has completed on-site inspections of all applicants, and there are currently 11 platforms in the application list.
Ye Zhiheng stressed that regulators will strictly adhere to the regulatory bottom line such as investor protection and cyber security. At the same time, the Hong Kong Securities Supervision Commission plans to set up a licensed platform advisory group after the Chinese New Year, inviting executives of licensed platforms to participate to ensure that industry opinions are fully considered in the policy-making process.