Hong Kong, May 31, 2024 – HashKey Exchange, the largest licensed virtual asset exchange in Hong Kong*, has successfully obtained the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) licence to operate a virtual asset trading platform. This is an important license within the current regulatory framework for virtual asset trading platforms in Hong Kong.
According to the latest regulations and licensing regime from the Securities and Futures Commission (SFC), virtual asset trading platforms that have not obtained a license or are not deemed to be licensed, must cease their operations in Hong Kong by May 31. In this context, the successful acquisition of the AMLO license by HashKey Exchange signifies that HashKey Group has become a unicorn with a full license for virtual assets in Hong Kong.
HashKey Group's COO, Livio Weng, stated, "In the inevitable trend of Web3 compliance, particularly in international financial centers like Hong Kong, the strict regulatory requirements in the financial sector necessitate virtual asset trading platforms to possess a high level of compliance capability. The acquisition of this license is another significant breakthrough for HashKey and represents a moment of great significance for the industry. This transformation accelerates the prosperity of the compliance track and Hong Kong, as a global financial center, will have a long-lasting impact on the direction of the entire industry, serving as a demonstration effect.
HashKey Group's subsidiaries have obtained full licenses for the virtual asset industry in Hong Kong:
The trading entity Hash Blockchain Limited, under the HashKey group, has obtained licenses from the Hong Kong SFC, namely licenses Type 1 and Type 7 and AMLO. This allows us to provide virtual asset trading services to both professional investors and retail users.
HashKey's subsidiary HBS (Hong Kong) Limited has obtained licenses Type 1 and Type 4 from the Hong Kong SFC. This enables us to offer securities trading services and provide advice on securities trading and virtual assets to professional investors. Our business activities include the sale and distribution of security tokens.
HashKey Capital Limited, a subsidiary of HashKey, has obtained licenses Type 1 and Type 4 from the Hong Kong SFC. These licenses allow us to manage 100% virtual asset portfolios and provide virtual asset fund products and advisory services on securities and virtual assets to retail users.
As of now, each entity under the HashKey Group has obtained the necessary licenses from the Hong Kong SFC under its own scope of business to provide virtual asset-related services in Hong Kong. This achievement establishes them as the fully licensed unicorn enterprise in the virtual asset service in Hong Kong.
Note: As of May 30th according to CoinGecko rankings, HashKey Exchange ranks No.10th, becomes the largest licensed virtual asset exchange in Hong Kong.
About HashKey Exchange
On a mission to set the bar for virtual asset exchanges in compliance, safety, and security, HashKey Exchange (HBL) was granted as a licensed virtual asset exchange to provide retail services in Hong Kong. HashKey Exchange has received approval from the Securities and Futures Commission (SFC) of Hong Kong to operate a virtual asset trading platform under Type 1 (Dealing in securities) licence, Type 7 (Providing automated trading services) licence and Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) licence. As HashKey Group's flagship exchange business, HashKey Exchange provides trading services for both professional investors (PI) and retail investors. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Data Privacy) management system certifications.
Stay tuned for more details about HashKey Exchange. Follow us on Twitter and LinkedIn.
For media enquiries and more information, please contact:
HashKey Exchange
Luna Wang
Senior PR Manager
Notes and Disclaimer:
Views, information and opinions expressed in this material are those of the individuals involved and do not necessarily represent that of the HashKey Group (including any of its affiliates). While we make every effort to ensure that the information we are sharing is accurate, we welcome any comments, suggestions, or correction of errors.This material should not be considered as an offer or solicitation to sell, buy or subscribe to any financial instruments or product, securities or any derivative instrument, or any other rights pertaining thereto. We are not acting as a financial adviser, consultant or fiduciary to you with respect to any information provided in this material. We do not express any opinion or recommendation whatsoever as to any strategies, products or any other information presented in the materials.Any decision made by a party after accessing to this material shall be on the basis of its own research and not be influenced or based on any view expressed in this material or otherwise. This material does not address all risks. This material does not constitute investment advice or a recommendation and has been prepared without regard to individual financial circumstances, objectives or particular needs of you. You should seek their own financial, tax, legal, regulatory and other advice regarding the appropriateness or otherwise of investing in any investments and/or pursuing any investment strategies.The HashKey Group does not express any opinion as to the present or future value or price of any instruments referred to in this material.By accessing this material, you acknowledge that the HashKey Group makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this material. The information, opinions, and recommendations presented in this material are for general information only and any reliance on the information provided in this material is done at your own risk. This material should not be considered professional advice. Moreover, the HashKey Group makes no warranty that this material, or the medium that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.By accessing this material, you acknowledge that the entire contents and design of this material, are the property of the HashKey Group, or used by the HashKey Group with permission, and are protected under applicable copyright and trademark laws. Except as otherwise provided herein, users of this material may save and use information contained in this material only for personal or other non-commercial, educational purposes. No other use, including, without limitation, reproduction, retransmission or editing, of this material may be made without the prior written permission of the HashKey Group.Unless specifically stated otherwise, the HashKey Group does not endorse, approve, recommend, or certify any information, product, process, service, or organisation presented or mentioned in this material, and information from this material should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this material do not necessarily reflect the opinions, standards or policies of the HashKey Group.The HashKey Group assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this material or the compliance with applicable laws of such materials and/or links referenced herein.The HashKey Group expressly disclaims any and all liability or responsibility for any direct, indirect, incidental, special, consequential or other damages arising out of any individual’s use of, reference to, reliance on, or inability to use, this material or the information presented in this material.