Hong Kong’s New Crypto Regime Awards First Exchange License to HashKey
- Hong Kong is seeking to develop a digital-asset center
- City’s pivot has received a guarded welcome from firms
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The first licenses under Hong Kong’s new crypto regime went to HashKey Exchange and OSL, legalizing the retail trading of tokens in the city as officials seek to foster a global hub for the digital-asset sector.
HashKey will be able to “expand its business scope from serving professional investors to retail users” after receiving an upgrade of its existing licenses, the company said in a Thursday statement. A spokesperson at the Securities and Futures Commission said the licensee “shall at all times be in compliance with the requirements” of the Guidelines for Virtual Asset Trading Platform Operators, which went live in June.