🚀 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) đŸȘ™:

✅ 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 đŸ”„. Hong Kong is doubling down on becoming a global crypto hub 🌍.

#CryptoNewss #HongKong2024 #Debate2024 #BTCNewATH