On January 22, according to a report by Zhitong Financial Network, Ye Zhiheng, executive director of the intermediary department of the Hong Kong Securities Supervision Commission, revealed that the new license of the virtual asset trading platform will be approved in the near future, and it is expected that there will be good news in Quarter 1 in 2025. It is reported that the regulator has completed on-site inspections of all applicants, and there are currently 11 platforms in the application l...
Japan is considering new lightweight legislation for cryptocurrency intermediaries on non-cryptocurrency exchanges. Recently, Japan's Financial Services Agency (FSA) presented its ideas to the Financial System Commission's Payment Services Working Group. Japan introduced legislation for crypto asset trading service providers (CAESPs) in 2017, covering the buying and selling of cryptocurrencies, acting as brokers, and other cryptocurrency exchanges.
Virtual assets are now at the top of every financial regulator's agenda, said Dr. Ip Chi Heng, executive director of intermediaries at the Securities Supervision Commission in Hong Kong. Three virtual asset trading platforms have been licensed in Hong Kong and 15 applications are being processed. Investors can expect more licensed platforms to comply with the Securities Supervision Commission's robust investor protection measures.
On July 5th, the "Opinions" proposed that the "gatekeeper" responsibility of intermediaries should be compacted. Promote the quality-oriented quality evaluation mechanism for intermediaries of listed companies and bond issuers. Supervise sponsors, accounting firms, asset appraisal agencies, law firms and other intermediaries to strengthen the quality control of practice. Strengthen the supervision and inspection of intermediaries. If intermediaries find fraud involving securities issuers and lis...