Hong Kong's Securities and Futures Commission (SFC) has granted conditional licenses to four virtual asset trading platforms: Accumulus GBA Technology, DFX Labs Company, Hong Kong Digital Asset EX, and Thousand Whales Technology. These approvals increase the number of licensed crypto exchanges in the city to seven, aligning with Hong Kong's ambition to become a global hub for digital asset trading. The newly licensed exchanges must address regulatory feedback, conduct third-party vulnerability assessments, and pass penetration tests before commencing operations.