The Hong Kong Securities Regulatory Commission has issued documents to allow retail investors to trade virtual currencies on the premise of regular platforms and proper guarantees.
According to the report, the Hong Kong Securities Regulatory Commission announced on Monday (February 20) that the consultation documents for the supervision of the virtual asset trading platform for the Securities and Futures Affairs Supervision Committee (The following documents) announced that it allows retail investors to use licensed virtual asset trading platforms and buy and sell virtual assets under a series of proper investor guarantee measures.
The document proposes that if the operator of the licensed platform provides virtual assets with interested retail customers, it should be ensured that the selected virtual assets are qualified large -scale virtual assets, that is, at least two independent index providers are accepted by at least two independent index providers.The virtual assets of at least two indexes launched.The documents do not list virtual asset references for investment. A spokesman for the CSRC said that this will be measured by the trading platform itself. If there is a large virtual asset that has not been included in the index, the platform can communicate to the CSRC.
The document recommends that the operator of the virtual asset trading platform shall set the upper limit for each customer. Under the premise of referring to the customer's financial situation and personal situation, it is reasonableof.Regarding the censorship cycle, a spokesman for the CSRC said that there was no hard requirement, as long as the platform was required to continue to monitor.
The transaction platform license system, the document states that all virtual asset trading platforms in Hong Kong (whether they are operating in Hong Kong before June 1 this year) must be operated on June 1, 2024, 2024Either as a license for a license or a license approved by the Securities Regulatory Commission.The offenders violate the system of virtual asset service providers under the regulations on the money laundering, and the Securities Regulatory Commission will take law enforcement operations.
As for the virtual asset trading platform that does not intend to apply for a license, it should be prepared to end its business in Hong Kong in an orderly manner. The period of completion is May 31, 2024.The CSRC expects that relevant trading platforms will stop actively promoting services to Hong Kong investors and start to end its business operation in Hong Kong.
When asked if there will be mainland investors who buy and sell virtual assets through the Hong Kong platform, a spokesman for the CSRC said that the platform needs to take appropriate measures, such as checking the user's IP address or VPN, etc. to ensure that transaction compliance is compliantEssence
