Hong Kong Issues Third Crypto Trading Platform License, Plans More Approvals
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Hong Kong’s financial regulator has granted its third license under the new crypto trading platform regime, with plans to approve more by the end of the year.
In an interview with local media outlet HK01, Julia Leung, Chief Executive of the Securities and Futures Commission (SFC), confirmed that HKVAX is the latest firm to receive a license to operate as a crypto exchange in Hong Kong.
This follows earlier approvals for OSL and HashKey, which are already licensed to provide crypto trading services.
Leung highlighted that 11 other platforms are currently on the SFC’s “deemed-to-be-licensed” list, which includes firms that have submitted applications under the new regime.
The SFC has conducted initial onsite inspections of these applicants and has asked them to make necessary adjustments to comply with regulatory requirements.
Leung expressed the regulator’s aim to issue more licenses in batches by year-end.
HONG KONG APPROVES ITS THIRD CRYPTO EXCHANGE — HKVAX
Hong Kong just approved a fresh license for HKVAX, making it the city’s third licensed crypto exchange.
HKVAX plans to offer services like over-the-counter trading, custody, and exchange, focusing on security token offerings… pic.twitter.com/DjDxWa80y7
HKVAX provides over-the-counter trading, exchange services, and custody solutions.
Anthony Ng, co-founder and CEO of HKVAX, stated that the license aligns with Hong Kong’s ambition to solidify its role as a leading financial hub.
“This approval affirms HKVAX’s position and demonstrates Hong Kong’s commitment to being at the
Read more on cryptonews.com
