More than
two months ago, Hong Kong legalized cryptocurrencies , again offering retail
traders access to the digital assets market. Until now, however, none of the
companies have obtained all the necessary permits to actually conduct retail operations.
This has now changed due to the local company HashKey, which has obtained all
required licenses. From now on, it can provide its services not only to
professional and institutional clients but also to other cryptocurrency
enthusiasts.
HashKey has
achieved a significant milestone in terms of legal regulation, successfully
updating two main licenses issued by the Securities and Futures Commission
(SFC) in Hong Kong. The first license, known as Type 1, authorizes HashKey to
operate a virtual asset trading platform in accordance with Hong Kong’s
securities regulations. The second license, referred to as Type 7, gives the
company official permission to provide automatic trading services to both
institutional and retail users.
“We
are thrilled to become the first licensed trading platform in Hong Kong
dedicated to serving retail users,” said Livio Weng, the COO of HashKey
Group. “With the establishment of licensed trading platforms and the
further clarity of regulatory frameworks in Hong Kong, the…
