HashKey Group’s Blockchain Firm Fully Licensed To Operate In Hong Kong
A part of the HashKey Group with headquarters in Hong Kong, Hash Blockchain Limited, stated that it had received a regulatory license from the Securities and Futures Commission of Hong Kong (SEC) to run a trading platform for digital assets.
After completing a term of probation that started in April when it was granted an in-principle license, the financial institution focusing on digital assets is the second cryptocurrency service provider in Hong Kong to get a full set of licenses.
The OSL digital asset platform owned by investment holding firm BC Group received the entire package in 2020.
The licensing comes after the Financial Services, and Treasury Bureau declared their intention to turn Hong Kong into a major global cryptocurrency hub.
Michel Lee, Executive President of HashKey Group, stated:
“This enables us to provide regulated and compliant virtual asset trading services as we continue to help build the financial, technological and service infrastructure to facilitate and contribute to the rapid growth and the long-term development of the ecosystem.”
A policy statement supporting the creation of virtual assets by the city, including the issuance of tokenized green bonds and the planning of the creation of the digital Hong Kong Dollar, was recently published by the HKSAR government. The administration’s action is thought to help it catch up to regional rivals like Singapore.
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