Hong Kong cryptocurrency alternate HKVAEX has not utilized for a digital asset buying and selling platform license with Hong Kong’s Securities and Futures Fee (SFC), a spokesperson for HKVAEX has stated.
Amid a number of stories erroneously suggesting that HKVAEX has utilized for an SFC license, the HKVAEX consultant claimed the crypto alternate is but to submit an utility.
“We’re nonetheless making ready for the appliance in the meanwhile,” the HKVAEX consultant instructed Cointelegraph on Nov. 27. The spokesperson burdened that HKVAEX shouldn’t be confused with VAEXC, which utilized for a crypto license in Hong Kong on Oct. 25, in line with SFC knowledge.
“VAEXC is one other applicant, they usually don’t have anything to do with us,” the HKVAEX consultant stated, including that the agency is unrelated to HKVAEX.
The information got here a number of weeks after the Hong Kong-based publication South China Morning Submit (SCMP) reported that Binance was behind the HKVAEX alternate. In response to SCMP sources, HKVAEX was arrange by Binance to pursue a crypto license in Hong Kong. The report additionally claimed that HKVAEX’s web site makes use of Binance servers to fetch content material.
HKVAEX and Binance didn’t reply to Cointelegraph’s request for touch upon alleged hyperlinks between the platforms.
Associated: Interactive Brokers Hong Kong licensed in Hong Kong for retail digital asset buying and selling
In response to knowledge from SFC, OSL Digital Securities and HashKey exchanges are the one two crypto buying and selling platforms which have been licensed as digital asset buying and selling platform operators as of Nov. 27. In August 2023, OSL and HashKey grew to become the primary crypto exchanges to begin providing crypto buying and selling companies to retail prospects in Hong Kong beneath the nation’s new crypto laws.
Journal: Bitmain’s revenge, Hong Kong’s crypto rollercoaster: Asia Specific
