[Hong Kong Securities and Futures Commission: No Longer Requires 12-Month Track Record for Stablecoins and Virtual Assets Offered to Professional Investors] Golden Finance reports that on November 3, the Hong Kong Securities and Futures Commission (SFC) issued two new guidelines to licensed virtual asset trading platforms. In the circular titled 'Regarding the Expansion of Products and Services of Virtual Asset Trading Platforms,' the SFC stated that it no longer requires virtual assets (including stablecoins) offered to professional investors on virtual asset trading platforms to have a 12-month track record. Additionally, stablecoins issued by licensed stablecoin issuers are also exempt from the 12-month track record requirement. Although the 12-month track record requirement for products offered to professional investors has been removed, the SFC reiterated: a) Virtual asset trading platforms should conduct all reasonable due diligence on any virtual assets (including stablecoins) before listing them for trading and ensure that they continue to meet all inclusion criteria established by the Token Inclusion and Review Committee; and b) Virtual asset trading platforms must provide adequate disclosure if they offer virtual assets (including stablecoins) with less than a 12-month track record to professional investors on their platforms.