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Bitcoin Updates: Major Holders Accumulate $260M in Bitcoin While ETFs See $799M Withdrawn
- Bitcoin, Ethereum, and XRP fell in early November amid waning demand, ETF outflows ($799M for Bitcoin), and $2.6B in exchange withdrawals linked to whale activity. - Technical indicators showed bearish signals: Bitcoin below key EMAs, Ethereum near $3,700 support, and XRP's open interest declining as pressure mounted. - Despite short-term selloffs, Ethereum ETFs saw $9.6B Q3 inflows, while structural bulls controlled 68.6% of Bitcoin supply, hinting at potential accumulation phases. - Macroeconomic risks
AI Critics Caution About Potential Bubble as Teleskope Raises $25 Million to Address Cybersecurity Risks
- Alex Chen’s Teleskope secures $25M to develop AI-driven cybersecurity tools, targeting advanced threats with real-time data analysis. - The global threat intelligence market, projected to hit $22.97B by 2030, sees investor confidence in AI solutions, with Sequoia and Andreessen backing Teleskope. - Rising AI-powered threat detection adoption, like Inversion6’s MDR platform, highlights the sector’s competitive landscape and cross-industry AI growth. - Skeptics warn of an "AI bubble," citing overvaluation
Freshpet's Third Quarter Jump Overshadows Legal Troubles and Updated Growth Alerts
- Freshpet's Q3 2025 net sales surged 14% to $288.8M, driven by volume gains and price/mix adjustments, surpassing expectations. - The company achieved positive free cash flow early and revised 2025 guidance to $190-195M adjusted EBITDA with reduced capex. - Legal risks emerged as Rosen Law Firm launched a securities class action alleging misleading disclosures after a 6.36% stock drop. - Analysts remain cautiously optimistic with a "buy" rating and $70 median price target, despite recent 6.7% monthly shar
IREN's $9.7B Agreement with Microsoft Draws Doubts as Insiders Sell Shares, Experts Caution
- IREN secured a $9.7B GPU cloud contract with Microsoft, including 20% upfront prepayment, to deploy NVIDIA GB300s over five years. - The deal involves $5.8B in GPU procurement from Dell, with Texas data center deployment starting in 2026 using liquid-cooled infrastructure. - IREN's stock surged 22% pre-market, but faces analyst skepticism over valuation risks and insider sales of 2M shares by co-CEOs. - Institutional investors showed mixed positions, while analysts warned about liquidity strains from pre
Trending news
MoreCrypto prices
More
