Digital currency firm, HashKey Capital, has obtained a license to operate as a crypto business in Singapore. The company received the full capital markets services license from the Monetary Authority of Singapore (MAS) after going through the application process that started in May 2021.
HashKey to Launch Regulated Crypto Products
Although Singapore is known for being crypto-friendly, obtaining the license to operate can be challenging due to the registration process. With the license in hand, HashKey Capital will now be able to offer regulated capital markets products from its Singapore outlet.
“Singapore’s innovative spirit aligns with our mission, and we’re excited to propel blockchain-related capital markets products and investments further into the mainstream, offering new possibilities for institutional and accredited investors,” said Deng Chao, CEO of HashKey Capital.
In addition to the license from MAS, HashKey Capital also holds a related license from the Securities and Futures Commission of Hong Kong (SFC) since February.
This is a breaking news story. Stay tuned for updates.
Hot Take: HashKey Capital Receives License for Crypto Business in Singapore
Digital currency firm HashKey Capital has successfully obtained a full capital markets services license from the Monetary Authority of Singapore (MAS) to operate as a crypto business in Singapore. This marks an important milestone for HashKey Capital as it can now provide regulated capital markets products in Singapore. The company’s CEO, Deng Chao, expressed excitement about bringing blockchain-related capital markets products and investments into the mainstream and expanding opportunities for institutional and accredited investors. This achievement highlights Singapore’s innovation and its commitment to fostering a crypto-friendly environment. With this license, HashKey Capital joins the ranks of established crypto firms operating in Singapore.
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