Crypto alternate HashKey bags licence update to support retail users

Crypto alternate HashKey bags licence update to support retail users

© Reuters. FILE PHOTO: Representations of cryptocurrencies are viewed in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photograph

(Reuters) – Cryptocurrency alternate HashKey on Thursday mentioned this may occasionally perchance also start offering its products and companies to retail users in Hong Kong, changing into the first licensed crypto trading alternate in the city to attain so.

HashKey mentioned it obtained a licence update from the Hong Kong Securities and Futures Price, allowing the alternate to secure better its enterprise scope from serving expert merchants to retail users.

The Hong Kong-basically basically based completely alternate obtained a licence to characteristic in the city final November, making it idea to be one of two licensed crypto exchanges in Hong Kong apart from rival alternate OSL.

Town has been pulling out all of the stops in its articulate to emerge as a world crypto hub, from dating mainland China crypto funds to floating plans of testing a digital buck in its mortgage market.

In June, banking regulator Hong Kong Monetary Authority (HKMA) mentioned that it had, in April, requested lenders working in the attach to rob a scrutinize at and meet the enterprise needs of licensed crypto exchanges.

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