🚀 Hong Kong Approves 4 New Crypto Trading Licenses!
Hong Kong’s Securities and Futures Commission (SFC) just licensed 4 new virtual asset trading platforms (VATPs) 🪙:
✅ Accumulus GBA Technology Ltd
✅ DFX Labs Company Ltd
✅ Hong Kong Digital Asset EX Limited
✅ Thousand Whales Technology (BVI) Ltd
🔢 Now, 7 platforms can serve retail customers, including:
HashKey Group
OSL
HKVAX
📋 Key Details:
Platforms underwent strict inspections earlier this year 🔍.
Licenses come with initial restrictions but will upgrade after further assessment ✅.
Security first: Vulnerability & penetration tests are mandatory through independent third parties 🔐.
💬 Eric Yip (SFC):
“We aim to balance investor protection with fostering growth in Hong Kong’s virtual asset ecosystem.”
📊 What’s next?
The SFC is reviewing 11 more platforms, with approvals expected soon 🔥. Hong Kong is doubling down on becoming a global crypto hub 🌍.