Hong Kong’s Securities and Futures Commission (SFC) has issued a clear mandate to all virtual asset trading platforms (VATPs) operating within its jurisdiction. As of February 29, all crypto exchanges in Hong Kong must either obtain or apply for a VATP license. The SFC’s directive is a significant step in establishing a regulated and safe environment for virtual asset investors. The commission emphasized the importance of trading through licensed exchanges, urging investors to regularly check the regulatory status of their platforms. This list differentiates between fully licensed VATPs and those whose applications are pending.