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.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Discover the Best New Meme Coins to Join for 2025. BTFD Coin's price rollback offers…
Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…
VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…
President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.
Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…
BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…
This website uses cookies.