{"id":55902,"date":"2023-08-03T05:46:48","date_gmt":"2023-08-03T09:46:48","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=55902"},"modified":"2023-08-03T05:46:50","modified_gmt":"2023-08-03T09:46:50","slug":"hashkey-exchange-receives-retail-crypto-trading-license-in-hong-kong","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/hashkey-exchange-receives-retail-crypto-trading-license-in-hong-kong\/","title":{"rendered":"HashKey Exchange Receives Retail Crypto Trading License in Hong Kong"},"content":{"rendered":"\n<p>After receiving regulatory approval, HashKey Exchange becomes the first to offer<a href=\"https:\/\/coinscreed.com\/staging\/the-future-of-cryptocurrency-in-retail.html\" target=\"_blank\" rel=\"noreferrer noopener\"> retail cryptocurrency trading <\/a>services for non-professional investors in Hong Kong.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/image-7-1024x570.png\" alt=\"HashKey Exchange Receives Retail Crypto Trading License in Hong Kong\" class=\"wp-image-55910\" width=\"846\" height=\"471\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/image-7-1024x570.png 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/image-7-300x167.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/image-7-768x428.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/image-7-750x418.png 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/image-7-1140x635.png 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/image-7.png 1146w\" sizes=\"(max-width: 846px) 100vw, 846px\" \/><figcaption class=\"wp-element-caption\">HashKey Exchange Receives Retail Crypto Trading License in Hong Kong<\/figcaption><\/figure>\n\n\n\n<p>HashKey, a local digital asset company, has obtained all necessary licenses to expand its business, from serving professional investors to retail customers.<\/p>\n\n\n\n<p>Upgrades to two essential licenses issued by <a href=\"https:\/\/www.sfc.hk\/en\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Hong Kong's Securities and Futures Commission <span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>(SFC) have enabled HashKey to reach a new regulatory milestone.<\/p>\n\n\n\n<p>The first license, Type 1, permits HashKey to operate a trading platform for virtual assets under Hong Kong's securities regulations. The second one, Type 7, enables the company to offer automated trading services to institutional and retail clients, according to the announcement.<\/p>\n\n\n\n<p>In addition to being one of the first licensed exchanges to offer retail crypto trading in Hong Kong, HashKey has launched its crypto over-the-counter (OTC) trading service, HashKey Brokerage. <\/p>\n\n\n\n<p>The OTC platform reportedly complies with local securities laws after the SFC adopted a new crypto regulatory framework.<\/p>\n\n\n\n<p>Livio Weng, the chief operating officer of HashKey Group, expressed confidence in establishing licensed trading platforms and further clarifying Hong Kong's regulatory frameworks. He continued:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe industry as a whole will witness increased transparency, leading to a significant boost in investor confidence.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>The news comes shortly after a Hang Seng Bank executive from Hong Kong argued that crypto companies can only establish bank accounts after obtaining an SFC approval-<a href=\"https:\/\/coinscreed.com\/staging\/monetary-authority-of-singapore-grants-crypto-com-in-principle-license.html\" target=\"_blank\" rel=\"noreferrer noopener\">in-principle license<\/a>. OSL and Hashkey were reportedly the only exchanges to receive sanction by early August.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After receiving regulatory approval, HashKey Exchange becomes the first to offer retail cryptocurrency trading services for non-professional investors in Hong Kong. HashKey, a local digital asset company, has obtained all necessary licenses to expand its business, from serving professional investors to retail customers. Upgrades to two essential licenses issued by Hong Kong&#8217;s Securities and Futures [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":55910,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[135,13469,1134],"class_list":["post-55902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-crypto-trading","tag-hashkey","tag-hong-kong"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/image-7.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/55902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=55902"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/55902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/55910"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=55902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=55902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=55902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}