[Hong Kong SFC Proposes Restricting Misleading Names for Unlicensed Entities, Extending Regulatory Scope to Virtual Asset Trading Platforms] BlockBeats reported on November 7th that the Hong Kong Securities and Futures Commission (SFC) released its consultation conclusions on November 6th, proposing further restrictions on unregulated entities using names that could mislead the public into believing they are regulated, and plans to extend these restrictions to the virtual asset sector. According to the proposed amendments, Hong Kong will introduce similar restrictions under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, focusing on virtual asset trading platforms and virtual assets unrelated to securities or futures contracts but traded or settled through such platforms. Unauthorized entities will be subject to restrictions on the use of their titles to prevent the public from mistakenly believing them to be regulated. The proposals have received widespread market support. The SFC stated that it will further finalize the draft amendments to the Securities and Futures Ordinance and the Anti-Money Laundering Ordinance and submit them to the Legislative Council for review and approval. [Original Link]