Hong Kong SFC Licenses Four Virtual Asset Trading Platforms

The city’s market regulator granted licences to 4 virtual asset trading platform (VATP) applicants under its swift licensing process for handling deemed-to-be-licensed VATP applicants, according to a press release.

• The 4 VATPs are Accumulus GBA Technology (Hongkong), DFX Labs Company, Hong Kong Digital Asset EX, and Thousand Whales Technology (BVI)
• As a licensing condition, these companies can operate on a restricted scope of business after completing their rectification actions in response to the SFC’s on-site inspection feedback
  • They are also required to perform a vulnerability assessment and a penetration test through an independent third party with satisfactory results

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