By June 1, 2024, all crypto platforms offering buying and selling providers referred to as digital asset buying and selling platforms (VATPs) in Hong Kong have to be both licensed by the SFC or “deemed-to-be-licensed,” which is a short lived association in the course of the course of to get totally compliant. Past that deadline, it could be a “legal offence to function in Hong Kong” in breach of anti-money laundering and counter-terrorism legal guidelines, the SFC mentioned.
