1 year ago
Hong Kong's archetypal licence to a cryptocurrency speech to service retail customers has gone to Hashkey Exchange nether the city's caller crypto rules that purpose to marque the portion a crypto hub.
Hashkey Exchange, a virtual plus speech based successful Hong Kong which is portion of Hashkey Group, a integer plus fiscal services group, announced the development saying it tin present grow its concern scope from serving nonrecreational investors to retail users.
"As an existing Type 1 and Type 7 licenses holder, HashKey Exchange successfully underwent a simplified process to get the licence upgrade ... to grow its concern scope from serving nonrecreational investors to retail users, fulfilling marketplace request for a licensed level that offers users a safer and simpler process for buying and storing cryptocurrencies." the speech said.
Earlier, the Hashkey Group had announced plans to present a regulated exchange successful the 2nd 4th to work retail customers and plans to raise funds astatine a $1 cardinal valuation to capitalize connected Hong Kong's re-emergence arsenic a imaginable crypto hub.
The Securities and Futures Commission of Hong Kong did not instantly respond to CoinDesk's petition for remark and confirmation.
Edited by Parikshit Mishra.
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