Hong Kong Crypto Exchange HKVAEX Denies Applying for SFC License
A spokesperson for Hong Kong cryptocurrency exchange HKVAEX has stated that the exchange has not applied for a virtual asset trading platform license with Hong Kong’s Securities and Futures Commission (SFC). This comes after multiple reports falsely claimed that HKVAEX had submitted an application. The representative clarified that another applicant, VAEXC, is unrelated to HKVAEX.
Alleged Links Between Binance and HKVAEX
Recently, the South China Morning Post (SCMP) reported that Binance was behind the HKVAEX exchange and that HKVAEX’s website uses Binance servers. However, both HKVAEX and Binance have not responded to requests for comment regarding these alleged connections.
Only Two Licensed Crypto Trading Platforms in Hong Kong
As of November 27, according to the Securities and Futures Commission (SFC), OSL Digital Securities and HashKey are the only two crypto trading platforms that have been licensed as virtual asset trading platform operators. These platforms were the first to offer crypto trading services to retail customers in Hong Kong under the country’s new regulations.
Hot Take: HKVAEX Denies SFC License Application
Hong Kong-based cryptocurrency exchange HKVAEX has denied reports claiming that it has applied for a virtual asset trading platform license with the Securities and Futures Commission (SFC). The exchange clarified that it is unrelated to another applicant named VAEXC. Additionally, allegations of a connection between Binance and HKVAEX remain unconfirmed as neither party has commented on the matter. Currently, only OSL Digital Securities and HashKey are licensed crypto trading platforms in Hong Kong under the country’s new regulations.
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