According to an exclusive report from the South China Morning Post (SCMP), Hong Kong is considering involving the Securities and Futures Commission (SFC) and the Customs and Excise Department (C&ED) in regulating over-the-counter (OTC) virtual asset trading services. This initiative comes as the city grapples with the challenges of managing
The Hong Kong Securities and Futures Commission (SFC) granted a virtual asset trading platform (VATP) license to Hong Kong Digital Asset Xchange Limited (HKDAEx) on August 27, regardless of passing the official deadline for applications on May 31, 2024. The Securities and Futures Commission (SFC) introduced a new licensing framework
Hong Kong’s Securities and Futures Commission (SFC) has identified various shortcomings among crypto firms seeking full licenses. These findings emerged as the SFC intensified its scrutiny of virtual asset trading platforms under its new regulatory framework, which came into effect in 2024. The SFC recently revealed that some crypto entities
HashKey Capital, a prominent player based in Hong Kong in virtual asset management, has secured a Type 4 license from the Securities and Futures Commission (SFC). This license, identified as BOP237, distinguishes HashKey Capital as a pioneering licensed corporation capable of offering both securities and virtual asset management and advisory
SEBA Bank AG, a cryptocurrency bank located in Switzerland, said that its Hong Kong branch, SEBA Hong Kong, has been granted a digital asset license by the Hong Kong Securities and Futures Commission (SFC). With this license, the SEBA Group has taken the first step towards realizing its strategic goals
The Hong Kong Securities and Futures Commission (SFC) has said that it would revise its regulations concerning the sales and requisite of virtual currencies amid current market trends and demands from the industry. The SFC said on October 20 that under the new regulations, only institutional investors would be authorized
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
TRON Foundation founder Justin Sun has appreciated the Hong Kong Securities and Futures Commission’s (HK SFC) cryptocurrency regulation in one of his recent tweets. Sun appreciated that the HK SFC is balancing risk mitigation with freedom for innovation. He also added that these changes resonate with all of the community
