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HashKey Wins Breakthrough Hong Kong License to Provide Crypto Trading for Retail Investors

August 4, 2023
in Bitcoin
Reading Time: 3 mins read
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HashKey Trade gained the primary licence in Hong Kong to offer crypto buying and selling for retail buyers.

The licence was granted by Hong Kong’s Securities and Futures Fee and comes after town unveiled a brand new regulatory framework for the crypto trade in June.

“We’re thrilled to turn into the primary licenced buying and selling platform in Hong Kong devoted to serving retail customers,’ stated Livio Weng, COO of HashKey Group. “With the institution of licenced buying and selling platforms and the additional readability of regulatory frameworks in Hong Kong, the trade as an entire will witness elevated transparency, resulting in a big enhance in investor confidence.”

Different cryptocurrency platforms together with Huobi, OKX, and Amber Group additionally plan to use for licenses in Hong Kong. Binance and Coinbase have an interest in addition to Hong Kong emerges as a brand new possibility for crypto companies amid crackdowns on the trade in nations from the US to Australia.

The HashKey alternate has partnered with Commonplace Chartered Financial institution to allow fiat deposits and withdrawals for buyers, it stated. It additionally introduced a model revamp and stated it is going to guarantee digital asset buying and selling is safe and handy for each skilled and non-professional customers alike.

🚀 Massive information! HashKey Trade, a licensed digital asset alternate in Hong Kong, has upgraded its kind 1 & 7 licences to supply retail companies. Now, all customers can get pleasure from a secure and easy buying and selling expertise! https://t.co/DAFfq2ajoe

— HashKey Trade (@HashKeyExchange) August 3, 2023

Hong Kong Traders Get Extra Publicity to Crypto

Hong Kong is endeavoring to make a crypto hub with regulators asserting a stablecoin issuance playbook and a Greenback-based stablecoin within the works.

Hong Kong has additionally struck agreements with Saudi Arabia and the UAE to develop monetary and cryptocurrency cooperation. The Hong Kong authorities collaborates on CBDC and cross-border transactions with Singapore and different nations.

一张好”牌”,即将到来 pic.twitter.com/S6AIgiuJgb

— Livio Weng 七爷 (@0xLivio) August 3, 2023

Pre-registration for HashKey Trade is now open, and registered customers will obtain HashKey EcoPoints (HSK).

HashKey Trade is headquartered in Hong Kong and is a digital asset monetary companies supplier HashKey is headquartered in Hong Kong and is concerned in companies together with buying and selling and asset administration.  It beforehand stated it deliberate to boost $100 million to $200 million at a valuation of no less than $1 billion.

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Tags: BreakthroughCryptoHashkeyHongInvestorsKongLicenseProvideRetailTradingwins
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