The Hong Kong Securities and Futures Commission is expected to issue new licenses again this month, planning to explore new areas such as custody business and OTC

According to BlockBeats, on February 15th, Leung Fung yee, CEO of the Hong Kong Securities and Futures Commission, stated that since the implementation of the Virtual Asset Trading Platform (VATP) licensing system in June 2023, 9 licenses have been approved and 9 applications are pending. It is expected that new licenses will be issued within this month. Liang Fengyi revealed that the China Securities Regulatory Commission will establish a formal advisory group for licensed VATPs and develop a roadmap for the development of virtual assets. The plan is to explore new areas such as custody business and over-the-counter (OTC) trading, while considering introducing more products and services to enhance market competitiveness.