HomeNEWSHashkey secures regulatory approval in Hong Kong

Hashkey secures regulatory approval in Hong Kong


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In a bid to foster its virtual trading business, Hashkey, a leading provider of financial services has secured a regulatory approval in Hong Kong. The firm announced the new milestone in its Friday blog post. Worthy of note that the Securities and Futures Commission of Hong Kong (SFC) granted the approval to the firm.

Notably, Hashkey will leverage on the approval to offer off-platform virtual asset trading services in the region. The firm noted that the new milestone reiterates its commitment to availing a reliable and secure trading atmosphere for its customers. It pledged to sustain the values of transparency, security, and integrity as mandated by the SFC.

Meanwhile, the Executive President of HashKey Group, Michel Lee reacted to the development. Lee expressed the excitement of his team to receive the regulatory approval from SFC. He boasted that Hashkey has a valuable experience with the OTC business and thus this approval will now provide client with an enablement to deal with an entity that is licensed in Hong Kong. Further, the President spoke about the preparations of the firm to launch its regulatory compliant virtual assets exchange, identified as Hashkey PRO. According to him, the team works round the clock to ensure the success of the exchange.

Hashkey PRO to foster trust and confidence of investors – HBL CEO

More so, the CEO of Hashkey Blockchain Limited (HBL), Colin Zhong also reacted to the development. Zhong believes the presence of a regulated exchange can make the difference in the OTC market of Hong Kong. According to the CEO, it enables a more reliable and transparent environment for any investors to trade virtual assets than unregulated exchanges. He assures users that the HashKey PRO will be channeled towards fostering the trust and confidence of investors. With this, Zhong is optimistic that it will attract a wider base of participants in the market and further enhance the mainstream adoption and popularity of digital assets.

Notably, Hashkey aims to stay at the forefront of providing regulatory compliant digital assets services to its customers. It believes the SFC approval remains a step ahead in its commitment to achieving such ambition. In recent times, the financial service provider received numerous regulatory licenses. Earlier, it obtained an OTC licenses from Hong Kong SFC and the Financial Services Agency of Japan. More so, the monetary authority of Singapore recently granted an exemption from holding a license to Hashkey. This thus enables the firm to avail digital payment token offerings for a specific period of time within the region.

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Dare Ibitoye
Dare Ibitoye
Over the years, Dare has been a committed reporter in the field of cryptocurrencies. He is also interested in researching about the innovative projects within the blockchain space. During his spare time, Dare loves to listen to music and read about technological trends in the contemporary world

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