Hong Kong Securities Supervision Commission: Non-violation period for virtual asset trading platforms operating in Hong Kong will end on June 1
2024-05-28 08:45:30
The Hong Kong Securities Supervision Commission issued a statement on the end of the non-violation period for virtual asset trading platforms. The Securities Supervision Commission reminded the public that the non-violation period applicable to virtual asset trading platforms operating in Hong Kong under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) (the Anti-Money Laundering Ordinance) will end on June 1, 2024. All virtual asset trading platforms operating in Hong Kong must be licensed by the Securities Supervision Commission under the Anti-Money Laundering Ordinance, or be "deemed to be licensed" virtual asset trading platform applicants. Operating a virtual asset trading platform in Hong Kong in contravention of the Anti-Money Laundering Ordinance is a criminal offence and the Securities Supervision Commission will take all appropriate action against any offence.
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