According to Odaily, Hong Kong-based cryptocurrency exchange DFX Labs is one step closer to obtaining a full operating license in the region. This follows the company's successful acquisition of the Anti-Money Laundering and Terrorist Financing Ordinance (AMLO) permit. However, the Securities and Futures Commission (SFC) records clearly state that the applicant is only considered to have been granted permission to provide virtual asset services. The SFC has not granted a license to the applicant under the AMLO, and their license application is still pending. Therefore, their cryptocurrency trading services have not yet been officially approved.
DFX Labs submitted its application for a cryptocurrency license in Hong Kong on December 27, 2023. The company's Chief Operating Officer, Simon Au Yeung, is the main applicant. It is noteworthy that DFX Labs' website still displays as an unlicensed virtual asset platform and is not available to Hong Kong residents.