The post HKbitEX Receives Approval for Virtual Asset Licenses from Hong Kong SFC appeared first on Coinpedia Fintech News
Hong Kong Digital Asset Ex Limited (HKbitEX) has announced the provisional approval of licenses 1 and 7 under the Virtual Asset Trading Platform (VATP) regime by the Securities and Futures Commission (SFC). This milestone positions HKbitEX as the fourth licensed crypto exchange in Hong Kong and the first digital financial group to secure full virtual asset licenses in the region.
HKbitEX Granted FVA Licenses
HKbitEX has received approval in principle for Full Virtual Asset Trading Platform Type 1 and Type 7 activities from the SFC, making it the first digital finance group to obtain such licenses under the new regulatory framework.
HKbitEX announced the in-principle approval of Hong Kong SFC licenses 1 and 7 VATP, becoming the fourth licensed crypto exchange in Hong Kong. It claims to be the first digital financial group with a full virtual asset lic
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