Hong Kong SFC permits licensed crypto platforms to share listings with foreign operators and implements compensation mechanism

The Hong Kong Securities and Futures Commission has released guidelines permitting licensed virtual asset trading platforms to share their listings with overseas operators. This encourages cross-platform trading aimed at enhancing market liquidity.

As per the new regulation, platforms are required to implement Direct Verification for transactions, maintain minimum reserves for settlement risks, and provide comprehensive risk disclosures to customers before entering retail markets.

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