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Hong Kong licenses four virtual asset platforms, enhancing market regulation

SFC grants licenses to four platforms: The Hong Kong Securities and Futures Commission has officially licensed YunAccount Greater Bay Technology, DFX Labs, Hong Kong Digital Asset Exchange Group, and Thousand Whales Technology, indicating strong regulatory support for the virtual asset market.

Expedited licensing promotes security: This licensing initiative reflects SFC’s proactive approach to establish a secure trading environment and includes a fast-tracked review process for additional applications, highlighting its commitment to effective regulation in a growing digital economy.

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