Standard

<ul> 
 <li>The SFC of Hong Kong has upgraded two key licenses.</li> 
 <li>The company is excited to expand its customer base to the retail sector.</li> 
</ul> 
HashKey Exchange is the first cryptocurrency exchange in Hong Kong to get a license to operate for retail clients under the region’s new crypto guidelines, which are designed to turn Hong Kong into a global cryptocurrency center. 
HashKey Group, which includes virtual asset exchange HashKey Exchange in Hong Kong, made the announcement. The company is excited to expand its customer base beyond institutional investors and into the retail sector. The <a href="https://thenewscrypto.com/trons-justin-sun-appreciates-hk-sfcs-crypto-regulation/" target="_blank" rel="noopener noreferrer nofollow">SFC</a> of Hong Kong has upgraded two key licenses,. Thus, making it possible for HashKey to reach a new regulatory threshold. 
<h3 class="wp-block-heading" id="h-pushing-crypto-adoption">Pushing Crypto Adoption</h3> 
HashKey has obtained a Type 1 license, which enables the company to run a virtual asset trading platform in accordance with Hong Kong’s securities legislation. Type 7, the second, allows the company to provide automated trading services to both institutional and retail clients, as noted in the statement. Moreover, HashKey Brokerage, HashKey’s crypto over-the-counter (OTC) trading business, has also been officially launched. 
Following the SFC’s acceptance of a new crypto regulatory framework. The OTC platform is stated to be in accordance with local securities regulations. Moreover, HashKey’s fiat money deposit and withdrawal services are provided by Standard Chartered Bank. 
Venture capital, asset management, and trading are just a few of HashKey Group’s many areas of expertise. In light of Hong Kong’s efforts to become a worldwide crypto center. The group has revealed ambitions to raise $100 million to $200 million at a valuation of more than $1 billion. <a href="https://thenewscrypto.com/hong-kong-to-approve-first-compliant-exchanges-for-crypto/" target="_blank" rel="noopener noreferrer nofollow">Hong Kong</a> has emerged as a haven for crypto-related businesses as a result of increased regulatory scrutiny and crackdowns in various nations.

HashKey Exchange Licensed for Retail Crypto Trading in Hong Kong

Table of Contents

TheNewsCrypto

Other articles published on Aug 3, 2023

DOGE Cofounder Ponders Elon Musk's Surprise for Creators on Twitter

Top 5 Energy Stocks That Will Be Valuable Investments in 2023

Ethereum Staking Took Years to Implement, only to be Outshone Immediately by Bitcoin Spark

Aave Chan founder proposes buying $2M CRV from Curve founder

Litecoin (LTC) Close to Surpassing Bitcoin (BTC) on BitPay Post-Halving

Crypto is 16% of Robinhood’s revenue as per its Q2 earnings call

Join our free newsletter for daily crypto updates!