The Hong Kong SFC Has Granted HashKey Group To Conduct Virtual Asset OTC Trading

Key Points:

• HashKey Group, a supplier of digital asset financial services, said that it has received clearance from the Hong Kong Securities and Futures Commission to conduct virtual asset platform off-site trading activity (OTC) through its subsidiary Hash Blockchain Ltd.
• This authorization allows HashKey to perform virtual asset trading activities outside of the trading platform when there is a transaction demand for tokens not listed on the exchange.

According to official sources, HashKey Group, a digital asset financial service provider, declared on February 24 that it had received clearance from the Hong Kong Securities and Futures Commission.

This authorization allows HashKey to undertake virtual asset trading activities outside of the trading platform; when there is a transaction demand for tokens that are not listed on the exchange, HBL can function as an intermediary to match the two parties.

The Chinese Securities Regulatory Commission previously licensed HashKey Group to operate a virtual asset trading platform for professional investors through its subsidiary HBL under a Type 1 (securities trading) license and a Type 7 (offering automated trading services) license.

With the SFC‘s permission, HashKey will continue to lead the way in offering its clients with best-in-class regulatory compliance digital asset products. HashKey Group is the world’s first digital asset group with virtual asset licences, including OTC licences, from the Hong Kong SFC, the Financial Services Agency of Japan, and the Monetary Authority of Singapore, and has been granted an exemption from holding a licence under the Payment Services Act (“PS Act”) to provide digital payment token (DPT) services for a specified period.

The HashKey Group previously gained SFC authorisation to operate a virtual asset trading platform through its subsidiary HBL under a Type 1 (dealing in securities) licence and a Type 7 (offering automated trading services) licence for professional investors. While it seeks to become an internationally recognized, fully compliant digital asset ecosystem, the firm is devoted to ongoing expansion.

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

Chubbi

Coincu News