1 year ago
HKVAEX and VAEXC are antithetic crypto platforms successful Hong Kong and person thing to bash with each other, a HKVAEX typical said.
Hong Kong cryptocurrency speech HKVAEX has not applied for a virtual plus trading level licence with Hong Kong’s Securities and Futures Commission (SFC), a spokesperson for HKVAEX has said.
Amid aggregate reports erroneously suggesting that HKVAEX has applied for an SFC license, the HKVAEX typical claimed the crypto speech is yet to taxable an application.
“We are inactive preparing for the exertion astatine the moment,” the HKVAEX typical told Cointelegraph connected Nov. 27. The spokesperson stressed that HKVAEX should not beryllium confused with VAEXC, which applied for a crypto licence successful Hong Kong connected Oct. 25, according to SFC data.
“VAEXC is different applicant, and they person thing to bash with us,” the HKVAEX typical said, adding that the steadfast is unrelated to HKVAEX.
Hong Kong VAEXC licence application. Source: SFCThe quality came a fewer weeks aft the Hong Kong-based work South China Morning Post (SCMP) reported that Binance was down the HKVAEX exchange. According to SCMP sources, HKVAEX was acceptable up by Binance to prosecute a crypto licence successful Hong Kong. The study besides claimed that HKVAEX’s website uses Binance servers to fetch content.
The logos of cryptocurrency exchanges HKVAEX and Binance. Source: SCMPHKVAEX and Binance did not respond to Cointelegraph’s petition for remark connected alleged links betwixt the platforms.
Related: Interactive Brokers Hong Kong licensed successful Hong Kong for retail virtual plus trading
According to information from SFC, OSL Digital Securities and HashKey exchanges are the lone 2 crypto trading platforms that person been licensed arsenic virtual plus trading level operators arsenic of Nov. 27. In August 2023, OSL and HashKey became the archetypal crypto exchanges to commencement offering crypto trading services to retail customers successful Hong Kong nether the country’s caller crypto regulations.
Magazine: Bitmain’s revenge, Hong Kong’s crypto rollercoaster: Asia Express
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