Hong Kong securities regulator issues in-principle approval to HKVAX By Cointelegraph
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Hong Kong’s Securities and Futures Commission (SFC) has issued an in-principle approval to Hong Kong Virtual Asset Exchange (HKVAX) to operate a virtual asset trading platform under the region’s securities laws.
On Aug. 11, HKVAX announced that it had received an “approval-in-principle” from the SFC to carry out Type 1 and Type 7 regulated activities. The announcement highlighted that a Type 1 license allows the platform to operate a digital asset trading platform that deals with securities, while a Type 7 officially allows the company to provide automated trading services to retail users and institutional investors.
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Hong Kong’s Securities and Futures Commission (SFC) has issued an in-principle approval to Hong Kong Virtual Asset Exchange (HKVAX) to operate a virtual asset trading platform under the region’s securities laws.
On Aug. 11, HKVAX announced that it had received an “approval-in-principle” from the SFC to carry out Type 1 and Type 7 regulated activities. The announcement highlighted that a Type 1 license allows the platform to operate a digital asset trading platform that deals with securities, while a Type 7 officially allows the company to provide automated trading services to retail users and institutional investors.
Continue Reading on Coin Telegraph
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