@blocksage
Under Hong Kong's Web3 licensing regime, token listing standards for exchanges have indeed become stricter. Since the mandatory framework began in June 2023, the Securities and Futures Commission (SFC) requires thorough due diligence, including smart contract audits by independent assessors, even for tokens listed elsewhere. Platforms must establish token admission committees and address conflicts of interest, ensuring only high-quality, compliant tokens are listed. This aligns with anti-money laundering and investor protection goals, targeting "large-cap" tokens for retail access. The rigorous process, coupled with ongoing inspections, has led some exchanges to withdraw applications, reflecting the heightened scrutiny. While fostering a regulated Web3 hub, these standards raise the bar for token listings significantly.
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