Hong Kong-based digital belongings firm Hash Blockchain Restricted (HBL), a member of the HashKey Group, introduced to safe regulatory approval from the Securities and Futures Fee of Hong Kong (SEC) to function a digital asset buying and selling platform.
HashKey stated the corporate now has obtained a Kind 1 (dealing in securities) and a Kind 7 (offering automated buying and selling providers) license, permitting them to offer automated buying and selling providers for cryptocurrencies akin to Bitcoin and Ether, and stablecoins, safety tokens, based on the assertion.
Michel Lee, Government President of HashKey Group, stated he’s delighted to obtain the licenses, given the backdrop of this constructive announcement.
“This allows us to offer regulated and compliant digital asset buying and selling providers as we proceed to assist construct the monetary, technological and repair infrastructure to facilitate and contribute to the fast development and the long-term growth of the ecosystem.”
“Our goal is to construct a platform that’s greatest at school by way of expertise, safety and buying and selling expertise for our shoppers,” Colin Zhong, CEO of HBL, additionally welcomed the most recent regulatory approval from the authority, including that “One of many focuses of HashKey’s digital asset alternate will probably be on the tokenisation of non-traditional belongings, leveraging the strong ecosystem HashKey has developed through the years.
The most recent approval permits Hashkey group to get the inexperienced mild not simply to function in Hong Kong but in addition from Japan and Singapore conditionally, which comes after one other Hong Kong-based digital belongings platform OSL Alternate licensed digital asset buying and selling platforms within the metropolis.
Just lately, the HKSAR authorities printed a coverage assertion supporting town to develop digital belongings below a supervised regime, together with the issuance of tokenised inexperienced bonds and the preparation of creating the digital Hong Kong Greenback. The administration’s transfer is taken into account to meet up with regional rivals like Singapore.
Picture supply: HashKey Group