HashKey Receives Approval Licenses for Crypto Trading in Hong Kong
The Hong Kong-based crypto exchange HashKey has received approval licenses, allowing users to officially trade crypto assets in the city. The exchange has upgraded its licenses to offer retail services, expanding its business scope from professional investors to retail users.
Key Points:
- HashKey has received approval licenses for crypto trading in Hong Kong.
- The exchange can now offer services to both individuals and companies that comply with Hong Kong’s new rules and regulations.
- The announcement comes after the Hong Kong government formed a web3 taskforce to promote the growth of the decentralized industry.
- HashKey users will also be able to deposit and withdraw fiat currency with the help of Standard Chartered Bank.
- HashKey Group has been seeking to raise $100 million to $200 million at a $1 billion valuation since May.
This news is a significant milestone for the crypto industry in Hong Kong. With the approval licenses, HashKey can provide a safe and simple trading experience to a wider range of users, including retail investors. The partnership with Standard Chartered Bank for fiat currency transactions further enhances the accessibility and convenience of the platform. This development aligns with the Hong Kong government’s efforts to foster the growth of the decentralized industry and positions HashKey as a key player in the market.
As more regulatory frameworks are established and leading companies like HashKey pave the way for wider adoption, the crypto industry is poised for further growth and acceptance.
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