The Hong Kong Securities and Futures Commission (SFC) announced that it will no longer require a 12-month track record for stablecoins and virtual as
on November 3, the Hong Kong Securities and Futures Commission issued two new guidelines for licensed virtual asset trading platforms. The Hong Kong Securities and Futures Commission stated in the "Circular on the Extension of Products and Services of Virtual Asset Trading Platforms" that it no longer requires virtual assets (including stablecoins) sold to professional investors on virtual asset trading platforms to have a track record of 12 months. In addition, stablecoins issued by licensed stablecoin issuers do not need to meet the requirement of a 12-month track record. Although the requirement for a 12-month track record for products provided to professional investors has been removed, the Commission reiterated: a) virtual asset trading platforms should conduct all reasonable due diligence on virtual assets (including stablecoins) before including them for trading, and ensure that they continue to comply with all inclusion criteria formulated by the Token Inclusion and Review Committee; and b) virtual asset trading platforms should make full disclosure if they offer virtual assets (including stablecoins) with a track record of less than 12 months to professional investors on their platforms.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin price forecast: BTC could face further correction as momentum weakens

Bitcoin Breaks ‘Uptober’ Tradition With 5% Drop After a Record Liquidations

XRP News Today: Ripple Connects Conventional Finance and Digital Assets Through Integrated Institutional Brokerage
- Ripple launches Digital Asset Spot Prime Brokerage, enabling U.S. institutions to trade XRP and RLUSD via OTC spot transactions. - The service integrates foreign exchange, derivatives, and digital assets under Ripple Prime, acquired from Hidden Road in 2025. - RLUSD's role as collateral and cross-margin capabilities streamline portfolio management, bridging traditional finance and crypto markets. - Ripple aims to dominate institutional-grade services using XRP Ledger and RLUSD, competing with stablecoins

Bitcoin News Update: U.S.-China Trade Pause Strengthens Relations as Cryptocurrency Markets Remain Stable
- U.S. and China finalize a one-year trade agreement, reducing tariffs and stabilizing rare earth exports to ease tensions and stabilize markets. - Despite the deal, crypto markets remain unmoved as Bitcoin stabilizes near $110,785, with analysts citing pre-priced trade news and increased selling pressure from large holders. - The U.S. Senate advances the Crypto Market Structure Bill, assigning CFTC and SEC oversight to digital assets and updating compliance rules for stablecoins and DeFi. - China and Sout
