HashKey gets cryptocurrency license to open doors to retail deals in Hong Kong
Hong Kong legalized cryptocurrencies more than two months ago, once again offering retail traders access to the digital asset market.。However, the homegrown company HashKey has secured all the necessary licenses to finally actually start a retail business.。From then on, it can serve not only professional and institutional clients, but also other cryptocurrency enthusiasts.。
Hong Kong legalized cryptocurrencies more than two months ago, once again offering retail traders access to the digital asset market.。However, the homegrown company HashKey has secured all the necessary licenses to finally actually start a retail business.。From then on, it can serve not only professional and institutional clients, but also other cryptocurrency enthusiasts.。
HashKey, the first Hong Kong company to offer cryptocurrency retail trading, has made important progress in legal regulation, successfully renewing a license issued by Hong Kong's Securities and Futures Commission (SFC).。The first license, called Type 1, authorizes HashKey to operate a virtual asset trading platform under Hong Kong securities regulations, and the second license, called Type 7, formally licenses the company to provide automated trading services to institutional and retail users.。
Livio said: "We are pleased to be the first licensed trading platform in Hong Kong dedicated to serving retail users.。Mr Weng, Chief Operating Officer of HashKey, said: "With the establishment of a licensed trading platform in Hong Kong and further clarity in the regulatory framework, transparency across the industry will continue to increase, which will greatly enhance investor confidence.。"
In addition to this achievement, HashKey has become one of the world's leading trading platforms, a pioneering licensed exchange offering retail cryptocurrency trading services in Hong Kong.。In addition, the company has officially launched an over-the-counter (OTC) cryptocurrency trading platform called HashKey Brokerage.。The over-the-counter trading platform is fully compliant with local securities regulations and follows the requirements of the SFC to implement the new regulatory framework for cryptocurrencies.。
As an industry leader, HashKey will continue to fulfill its commitment to compliance, safety and security to ensure that the interests of users are fully protected and safeguarded.。Mr Weng added: "Hong Kong wants to become a cryptocurrency hub, and the latest move to significantly relax cryptocurrency regulation is in line with the general trend of the Chinese Special Administrative Region aiming to become a cryptocurrency hub.。It was reported last month that Hong Kong's central bank was allegedly pressuring HSBC, Standard Chartered and Bank of China to accept cryptocurrency companies as customers.。The Hong Kong Monetary Authority (HKMA) has asked lenders why they do not open bank accounts for companies dealing with cryptocurrencies, and the number of these companies is steadily growing.。
Recently, CoinEX, Gate.io, OKX, Huobi Announce Entry into Local Market。OKX also launched a new version of its mobile app for customers in the region。The cryptocurrency exchange announced that more than 10,000 new users from Hong Kong signed up in just one month after the launch of the improved app.。On May 24, 2023, Hong Kong's Secretary for Financial Services and the Treasury, Hui Chi-on, revealed in March 2023 that more than 80 foreign and Chinese cryptocurrency companies have expressed interest in setting up branches in Hong Kong and obtaining local licenses since October.。
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