HKVAX has been licensed by Hong Kong's Securities and Futures Commission, becoming the third cryptocurrency platform to receive approval in the region, enhancing Hong Kong's crypto landscape.
Three crypto exchanges, HKVAX, HashKey, and OSL, are now licensed in Hong Kong. The SFC plans to license more by year-end and is considering approvals for crypto OTC and custody services. Some international exchanges have withdrawn their applications.
Hong Kong's SFC plans to approve more crypto exchanges this year, with 11 applicants recently reviewed and HKVAX gaining approval.
Hong Kong plans to approve more cryptocurrency exchange licenses by year-end, with HKVAX being the latest recipient.
Hong Kong licenses HKVAX as the third retail crypto exchange under its new regime, with 16 more exchanges in line.
HKVAX becomes the first licensed cryptocurrency exchange under Hong Kong's new regulatory framework, marking a significant milestone in the region's crypto regulation evolution.