Hashkey will become the city’s first licensed Compliant Exchange for Crypto.
Livio Weng, Hashkey Group COO, tweeted that a good card is coming.
The Hong Kong Securities Regulatory Commission will approve the compliant exchange for the first time to provide service to retail investors. This approval comes after the Hong Kong Securities Regulatory Commission introduced cryptocurrency trading guidance for retail investors under a new set of licensing rules.
On August 3, Livio Weng, Hashkey Group COO and former CEO of Huobi Global tweeted that “A good card is coming” with the image of the Hashkey exchange. This announcement boosts anticipation in the crypto community. Hashkey Group’s COO reveals through the announcement that the Hong Kong Securities Regulatory Commission will approve the compliant exchange.
Hashkey Group is an end-to-end digital asset financial service group. It offers new investment opportunities and solutions for institutions. It becomes the city’s first licensed trading platform with the upgrade of its existing license. Hashkey Pro and OSL firms have secured compliance status by following Hong Kong’s regulatory standards.
As of now, Hashkey Pro and OSL are the only two compliant exchanges. Moreover, only spot transactions for Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) are available. This move comes as Hong Kong pushes to become the hub of cryptocurrencies.