HashKey Group, an Asian-based provider of digital assets financial services, announced that it has received approval from the Hong Kong Securities and Futures Commission (SFC).
The crypto frenzy in the Asian region continues at full speed. This trend, which also triggered the rise in cryptocurrencies, has become a global popularity. Hong Kong started the Asian frenzy with China. Hong Kong’s step to become a crypto center has also received support from many crypto organizations.
Most recently, HashKey Group, which provides services related to digital assets, has received the approval of Hong Kong’s regulator, SFC, to conduct Off-Platform Virtual Asset Trading (OTC).
HasKey Group Gets Approval for Hong Kong Transactions
HashKey Group, Asia’s leading provider of digital assets financial services, has knocked on Hong Kong’s door to conduct off-platform virtual asset trading (OTC) for Hash Blockchain Limited (HBL).
The Hong Kong Securities and Futures Commission (SFC) has approved HashKey Group’s ability to conduct OTC transactions.
With this approval, it will allow HashKey Group to offer off-platform virtual asset trading. The SFC aims to ensure that companies operating in its jurisdiction adhere to high standards of transparency, security and integrity. The approval therefore highlights HashKey’s commitment to providing a safe and secure trading environment for its customers.
Michel Lee, Chief Executive Officer of HashKey Group, shared the following on the subject;
We are thrilled to receive approval from SFC… Our experience in the OTC business has been invaluable and this approval now gives our clients the option to encounter a licensed entity in Hong Kong. As we continue to prepare for the launch of HashKey PRO, our regulatory virtual asset exchange, we are excited to be able to offer more products.
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