Hong Kong's HKVAX obtains Type 1 and 7 licenses to become a regulated virtual asset platform.

Hong Kong Virtual Asset Exchange (HKVAX) has obtained Type 1 and Type 7 licenses from the Securities and Futures Commission, along with an Anti-Money Laundering license, making it the third regulated platform in Hong Kong. HKVAX offers services such as OTC trading and Security Token Offerings, aiming to enhance the virtual asset ecosystem while ensuring compliance with regulatory standards. The exchange plans to collaborate with regulators and industry partners to drive innovation in virtual finance.

October 04, 2024
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