Hong Kong’s Hashkey Exchange has become the first cryptocurrency platform in the city-state to upgrade its type 1 and type 7 licenses, thus obtaining approval to serve retail customers.
This landmark achievement followed what is, by contrast, a fairly simple process facilitated by existing licenses, making Hashkey Exchange the first licensed trading platform in Hong Kong to offer services to retail users.
Hong Kong issued the crypto license to Hashkey just two months after regulators implemented a Virtual Asset Service Provider registration policy. This strategic move is part of a broader push to establish Hong Kong as a competitive global hub for digital asset businesses.
The Hashkey Exchange, part of the broader Hashkey Group which provides cryptocurrency financial services, had prior licenses that enabled it to serve professional investors. The latest upgrade allows it to significantly expand its services and meet the increasing demand from retailk consumers in the city-state, a ma
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