PANews reported on November 3 that the Hong Kong Securities and Futures Commission (SFC) issued a circular regarding the sharing of liquidity among virtual asset trading platforms. This circular allows licensed virtual asset trading platform operators to integrate their listings with qualified overseas platform operators to share liquidity, enabling cross-platform trading and execution. Platforms must adopt Direct Verification (DVP) for both payment and banking, and monitor the limits on intraday settlement and unsettled transactions. They must also establish a reserve fund and insurance / indemnification arrangements in Hong Kong with a minimum limit to cover settlement asset risks. Market surveillance must be uniformly implemented and able to provide real-time transaction and customer data to the SFC. Before targeting retail markets, platforms must provide full risk disclosure and obtain customer selection, simultaneously applying for written approval, along with additional terms and conditions.PANews reported on November 3 that the Hong Kong Securities and Futures Commission (SFC) issued a circular regarding the sharing of liquidity among virtual asset trading platforms. This circular allows licensed virtual asset trading platform operators to integrate their listings with qualified overseas platform operators to share liquidity, enabling cross-platform trading and execution. Platforms must adopt Direct Verification (DVP) for both payment and banking, and monitor the limits on intraday settlement and unsettled transactions. They must also establish a reserve fund and insurance / indemnification arrangements in Hong Kong with a minimum limit to cover settlement asset risks. Market surveillance must be uniformly implemented and able to provide real-time transaction and customer data to the SFC. Before targeting retail markets, platforms must provide full risk disclosure and obtain customer selection, simultaneously applying for written approval, along with additional terms and conditions.
The Hong Kong Securities and Futures Commission (SFC) allows licensed virtual asset trading platforms to share their listing lists with overseas platforms and has established a compensation mechanism.
PANews reported on November 3 that the Hong Kong Securities and Futures Commission (SFC) issued a circular regarding the sharing of liquidity among virtual asset trading platforms. This circular allows licensed virtual asset trading platform operators to integrate their listings with qualified overseas platform operators to share liquidity, enabling cross-platform trading and execution. Platforms must adopt Direct Verification (DVP) for both payment and banking, and monitor the limits on intraday settlement and unsettled transactions. They must also establish a reserve fund and insurance / indemnification arrangements in Hong Kong with a minimum limit to cover settlement asset risks. Market surveillance must be uniformly implemented and able to provide real-time transaction and customer data to the SFC. Before targeting retail markets, platforms must provide full risk disclosure and obtain customer selection, simultaneously applying for written approval, along with additional terms and conditions.
Market Opportunity
CyberKongz Price(KONG)
$0.001531
$0.001531$0.001531
USD
CyberKongz (KONG) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Yarm Explained: Turning Trust and Tweets into Yield
tl;dr: Yarm is a new platform by Mitosis and Kaito AI that turns social influence into onchain yield. Yappers earn Mindshare by posting…Continue reading on Coinmonks »
Share
Medium2025/09/18 14:43
Crossmint Partners with MoneyGram for USDC Remittances in Colombia
TLDR Crossmint enables MoneyGram’s new stablecoin payment app for cross-border transfers. The new app allows USDC transfers from the US to Colombia, boosting financial inclusion. MoneyGram offers USDC savings and Visa-linked spending for Colombian users. The collaboration simplifies cross-border payments with enterprise-grade blockchain tech. MoneyGram, a global leader in remittance services, launched its stablecoin-powered cross-border [...] The post Crossmint Partners with MoneyGram for USDC Remittances in Colombia appeared first on CoinCentral.
Share
Coincentral2025/09/18 21:02
US SEC suspends trading in shares of digital asset treasury firms QMMM and Smart Digital
PANews reported on September 30th that the U.S. Securities and Exchange Commission (SEC) has suspended trading in QMMM Holdings Ltd.'s stock after its share price surged nearly 1,000% in less than three weeks, according to Bloomberg. The SEC stated on Monday that recommendations to buy QMMM stock posted on social media by "unidentified individuals" may have manipulated its share price. Since QMMM announced earlier this month that it would establish a "diversified cryptocurrency treasury" with an initial investment of $100 million, targeting investments in Bitcoin, Ethereum, and Solana, its share price has surged 959%. The SEC stated that the trading suspension is a temporary measure and will end at 11:59 PM EST on October 10th. On Monday, the SEC also suspended trading in Smart Digital Group Ltd.'s shares for similar reasons. The suspension will also expire at 11:59 PM ET on October 10. The company announced last week that it would establish a "diversified cryptocurrency asset pool," focusing on digital assets like Bitcoin and Ethereum. Since the announcement, its stock price has fallen significantly.
Share
PANews2025/09/30 08:32