
Hong Kong Digital Asset Xchange Limited is the latest firm to apply for a license, having submitted their application on Aug. 27.
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While not yet permitted to trade, DFX Labs is deemed licensed for virtual asset services by the Securities and Futures Commission of Hong Kong.
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The task force will advise on the “sustainable and responsible” development of Web3 in Hong Kong, according to the statement.
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Hong Kong’s HashKey recently received a number of licenses from local regulators, allowing it to expand its range of products and services.
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Since October, more than 80 virtual asset companies have expressed interest in establishing in the city, while 23 have indicated actual plans of doing so.
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Hong Kong’s Securities and Futures Commission is calling for public consultation over plans to allow licensed cryptocurrency exchanges to serve retail investors.
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