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  7. What is the purpose of the virtual asset knowledge test?

What is the purpose of the virtual asset knowledge test?

The Hong Kong SFC’s Guidelines for Virtual Asset Trading Platform Operators require virtual asset exchanges, such as EX.IO, to assess a client’s knowledge of Virtual Assets (including knowledge and understanding of the nature and the relevant risks associated with Virtual Assets).

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Why is KYC verification necessary? How to complete the corporate KYC verification process? How long is the suitability assessment valid, and what happens once it expires? Why is the suitability assessment questionnaire necessary? What is the Virtual Asset Knowledge test?