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Hashkey PRO Submits Application to Offer Retail Trading Services in Hong Kong

June 1, 2023
in Metaverse
Reading Time: 3 mins read
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Virtual asset trading platform HashKey PRO has submitted a license application to offer retail services in Hong Kong.

Printed: 1 June 2023, 1:00 pm Up to date: 01 Jun 2023, 10:08 am

Hashkey PRO, a Hong Kong Securities and Futures Fee (SFC) licensed digital asset buying and selling platform, has submitted a license utility below Hong Kong’s Anti-Cash Laundering and Counter-Terrorist Financing Ordinance to supply retail providers within the nation.

With the appliance submission, Hashkey PRO is additional displaying its dedication to regulatory compliance and the supply of a trusted buying and selling platform for retail traders.

In accordance with the current Session Conclusions on the Proposed Regulatory Necessities for Operators of Digital Asset Buying and selling Platforms, licensed digital asset buying and selling platforms will uphold the Tips, which embody each licensing and conduct obligations.

Recognizing the significance of making certain sturdy investor safety measures, Hashkey PRO is devoted to conducting suitability assessments, establishing a token admission and assessment committee, and strictly adhering to diligent due diligence procedures and admission standards for digital property obtainable to retail customers.

Michel Lee, Govt President at HashKey Group stated: “We’re devoted to assembly the wants of retail traders and making certain that their greatest pursuits are protected. By proactively making use of for the mandatory license, we reveal our dedication to regulatory compliance, making a platform that’s tailor-made to the retail person expertise and assembly the evolving calls for of the business.”

The license utility submission marks one other step ahead for Hashkey PRO because it goals to develop into a totally licensed platform for retail traders in Hong Kong. The corporate pledges to work carefully with the SFC and related authorities to supply a safe, compliant, and user-centric buying and selling expertise for retail traders.

“We’re nonetheless within the early levels of the digital asset business, and we’re very excited to have the chance to broaden and deepen the size of this market in Hong Kong. Once we constructed our platform, the very first thing we thought-about was compliance and how you can greatest guarantee the protection of our purchasers’ funds. Our operational mannequin is designed round this precept. We deeply consider that our worth proposition will distinguish us considerably from the competitors and make us a trusted platform,” stated Colin Zhong, CEO of HashKey PRO.

The digital asset buying and selling platform will launch with FIAT buying and selling pairs in Q2 this 12 months.

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Tags: ApplicationHashkeyHongKongOfferPRORetailServicessubmitsTrading
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