Hong Kong-based integer assets institution Hash Blockchain Limited (HBL), a subordinate of the HashKey Group, announced to unafraid regulatory support from the Securities and Futures Commission of Hong Kong (SEC) to run a virtual plus trading platform.
HashKey said the institution present has received a Type 1 (dealing successful securities) and a Type 7 (providing automated trading services) license, allowing them to supply automated trading services for cryptocurrencies specified arsenic Bitcoin and Ether, and stablecoins, information tokens, according to the statement.
Michel Lee, Executive President of HashKey Group, said helium is delighted to person the licenses, fixed the backdrop of this affirmative announcement.
“This enables america to supply regulated and compliant virtual plus trading services arsenic we proceed to assistance physique the financial, technological and work infrastructure to facilitate and lend to the accelerated maturation and the semipermanent improvement of the ecosystem.”
“Our nonsubjective is to physique a level that is champion successful people successful presumption of technology, information and trading acquisition for our clients,” Colin Zhong, CEO of HBL, besides welcomed the latest regulatory support from the authority, adding that “One of the focuses of HashKey’s virtual plus speech volition beryllium connected the tokenisation of non-traditional assets, leveraging the robust ecosystem HashKey has developed implicit the years.
The latest support enables Hashkey radical to get the greenish airy not conscionable to run successful Hong Kong but besides from Japan and Singapore conditionally, which comes aft different Hong Kong-based virtual assets level OSL Exchange licensed virtual plus trading platforms successful the city.
Recently, the HKSAR authorities published a argumentation connection supporting the metropolis to make virtual assets nether a supervised regime, including the issuance of tokenised greenish bonds and the mentation of processing the integer Hong Kong Dollar. The administration’s determination is considered to drawback up with determination competitors similar Singapore.
Image source: HashKey Group