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From June 1, 2023, the licensing system for virtual asset trading platforms in Hong Kong came into effect, and the one-year transition period for non-licensed stock platforms also expired on May 31, 2024. However, Caixin reporters found on June 26 that non-licensed platforms registered with Hong Kong ID cards can still trade with existing funds. Binance has never submitted a virtual asset trading platform license (VASP license) to the Hong Kong Securities Supervision Commission.
According to Caixin, the licensing system for virtual asset trading platforms in Hong Kong came into effect on June 1, 2023, and the one-year transition period for non-licensed stock platforms expired on May 31, 2024. However, the reporter found on June 26 that non-licensed platforms registered with Hong Kong ID cards can still trade with existing funds.
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