The Hong Kong government has communicated with the Hong Kong Securities and Futures Commission to process all virtual asset platform applications as

Hong Kong's government will maintain close communication with the Securities and Futures Commission to expedite the processing of applications from all platforms, providing citizens and investors with more secure investment options. Looking ahead, Hong Kong will further improve its regulatory framework, including regulating providers of virtual asset over-the-counter trading services, to build a stable ecosystem for the virtual asset industry and promote its responsible and sustainable development. The Securities and Futures Commission of Hong Kong emphasized yesterday that those virtual asset trading platforms that have been licensed, although they have promised to strengthen their policies, procedures, systems, and monitoring measures to comply with the regulatory requirements of the Securities and Futures Commission, still need to demonstrate the actual implementation and effectiveness of these measures to gain the trust of the Securities and Futures Commission of Hong Kong. Before obtaining a license, these platforms are not expected to actively promote their services or establish business relationships with new retail customers.