币界网报道：Hong Kong has introduced stringent new regulations for virtual asset trading platforms, imposing a seven-year jail term for operating without a license starting June 1, 2023. The Securities and Futures Commission (SFC) will oversee licensing, requiring platforms to meet strict anti-money laundering (AML) and investor protection standards. Licensed exchanges must ensure client assets are properly segregated and undergo regular audits. The move aims to enhance market integrity and protect investors, aligning with global regulatory trends. Unlicensed platforms face severe penalties, including fines and imprisonment. The SFC emphasizes that only compliant exchanges will be permitted, signaling Hong Kong's commitment to fostering a secure and transparent digital asset ecosystem. Industry players are urged to review operations and apply for licenses promptly to avoid legal repercussions.