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The Hong Kong Securities and Futures Commission (SFC) has recently launched a conclusions consultation on the regulation of virtual asset trading platforms. In an effort to enhance investor protection and ensure the integrity of the market, the SFC proposes several measures that will impact the operation of these platforms.

Non-security tokens will be subject to a 12-month record requirement, stablecoins will face restrictions on retail investor purchases, and a new policy is expected to be introduced. This article will delve into the details of these proposed regulations and their potential implications for the virtual asset market in Hong Kong.

The SFC’s conclusions consultation aims to address the regulatory gaps and potential risks associated with virtual asset trading platforms. These platforms facilitate the trading of virtual assets, including cryptocurrencies and tokens. With the growing popularity of digital assets, the need for robust regulatory measures becomes imperative to protect investors and maintain market integrity.

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