🚀DFX Labs, a Hong Kong-based crypto trading platform, is one step closer to a full operational license, having cleared the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). But hold your horses, folks!🐎They're not yet authorized to offer crypto trading services.🚧

🔮Despite this, the future looks bright for DFX Labs. They've been "deemed to be licensed for providing the virtual asset service." The application is still pending determination, but hey, Rome wasn't built in a day, right?🏗️

🌐Meanwhile, Hong Kong is rolling out the red carpet for global startups, especially Canadian crypto and Web3 startups. Lower taxes, startup-friendly regulations, and a creative mindset on Web3/virtual assets developments - sounds like a crypto paradise, doesn't it?🏝️

💭What do you think? Will DFX Labs get the green light? And is Hong Kong the next big hub for crypto and Web3 startups? Share your thoughts below!👇 #DeFi #Web3 #Technology