Many mainland traders with licensed broker accounts in Hong Kong received important emails from their brokers this morning. The message states that, in order to comply with the latest regulatory requirements of the Hong Kong Securities and Futures Commission (SFC), starting from January 2, the platform will cease providing new cryptocurrency address authentication and deposit services for users with mainland China identity verification and IP addresses.

However, the good news is that accounts already verified are unaffected. You can continue to freely manage your existing positions in your account and withdraw tokens to other platforms at any time. This effectively provides an exit route for existing users.

This adjustment reflects the Hong Kong regulatory authorities' more detailed approach to managing crypto asset businesses. Restrictions on mainland users are not new, and exchanges and brokers are continuously adapting to this evolving regulatory environment. For users with accounts, it’s advised to withdraw your tokens promptly—don’t wait until the restrictions take effect and panic.