๐ Hong Kong Approves 4 New Crypto Trading Licenses!
Hong Kongโs Securities and Futures Commission (SFC) just licensed 4 new virtual asset trading platforms (VATPs) ๐ช:
โ Accumulus GBA Technology Ltd
โ DFX Labs Company Ltd
โ Hong Kong Digital Asset EX Limited
โ Thousand Whales Technology (BVI) Ltd
๐ข Now, 7 platforms can serve retail customers, including:
HashKey Group
OSL
HKVAX
๐ Key Details:
Platforms underwent strict inspections earlier this year ๐.
Licenses come with initial restrictions but will upgrade after further assessment โ .
Security first: Vulnerability & penetration tests are mandatory through independent third parties ๐.
๐ฌ Eric Yip (SFC):
โWe aim to balance investor protection with fostering growth in Hong Kongโs virtual asset ecosystem.โ
๐ Whatโs next?
The SFC is reviewing 11 more platforms, with approvals expected soon ๐ฅ. Hong Kong is doubling down on becoming a global crypto hub ๐.