Hong Kong has granted its first retail crypto trading licenses to HashKeyExchange and OSL Digital Securities. It's a significant move, opening the door for $BTC and $ETH trading to retail customers.
, a subsidiary of Hong Kong's BC Technology Group Ltd, that it also had obtained a license to serve retail customers.
The two entities already had licenses from Hong Kong's previous opt-in licensing regime for crypto asset service providers, which may have helped expedite the new approvals. "As an existing Type 1 and Type 7 licenses holder, HashKey Exchange successfully underwent a simplified process to obtain the license upgrade ... to expand its business scope from serving professional investors to retail users, fulfilling market demand for a licensed platform that offers users a safer and simpler process for buying and storing cryptocurrencies," the exchange said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wild boar killed after attacking woman, teenage boy in Hong Kong train stationIn Hong Kong, a wild boar was euthanized after assaulting a woman and a 15-year-old boy near a train station, marking the 541st such incident handled by authorities since 2021.
Read more »
Police Pursuit of U.S.-Based Activist Embroils Family in Hong KongThe political divide in the family of pro-democracy campaigner Elmer Yuen has become a chasm as Hong Kong authorities step up pressure on exiled dissidents in the wake of its national-security law.
Read more »
Tesla Prices Expected To Be Cut In Hong KongTesla is expected to reduce Model 3 and Model Y prices in Hong Kong, per a new report by a local newspaper.
Read more »
Baby monitors recalled due to burn risksNearly 13,000 baby monitors have been recalled because of the potential for overheating, according to the U.S. Consumer Products Safety Commission.
Read more »
Russia Recognizes Digital Currencies of Other Nations – Finance Bitcoin NewsThe Russian government has legally recognized digital currencies issued by other nations, local crypto media reported.
Read more »
DeFi faces stress test, DoJ fears run on Binance, Hong Kong’s crypto trading: Hodler’s Digest, July 30 – Aug. 5The United States Department of Justice is reportedly considering charging cryptocurrency exchange Binance with fraud, but hesitating based on costs to consumers. Missed it? Catch up on more headlines you might have missed on the Hodler's Digest.
Read more »