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The Hong Kong Securities and Futures Commission has issued new guidelines to promote global connectivity for virtual asset trading platforms.
According to a report by Jin10, the Hong Kong Securities and Futures Commission (SFC) published two new circulars today, clarifying the expected standards for licensed virtual asset trading platform operators to connect global liquidity and expand the range of products and services. One of the circulars allows platform operators to merge trading instructions with associated overseas virtual asset trading platforms into a shared order book, marking the first step of the ASPIRe roadmap. The SFC will explore the feasibility of allowing licensed brokers to transfer client trading instructions to regulated overseas liquidity pools under the same group.