By June 1, 2024, all crypto platforms providing trading services known as virtual asset trading platforms (VATPs) in Hong Kong must be either licensed by the SFC or “deemed-to-be-licensed,” which is a temporary arrangement during the process to get fully compliant. Beyond that deadline, it would be a “criminal offence to operate in Hong Kong” in breach of anti-money laundering and counter-terrorism laws, the SFC said.
Hong Kong Will Inspect Offices of Crypto Platforms as Important Compliance Deadline Looms
