Popular platform wins Hong Kong’s first cryptocurrency trading license

HashKey Exchange’s cryptocurrency trading platform has received Hong Kong’s first licence to serve retail customers, under the city’s new encryption rules aimed at making the region a cryptocurrency hub.

HashKey Exchange, a virtual asset exchange based in Hong Kong and part of the Digital Assets Financial Services Group (HashKey Group), announced the development, saying it can now expand its business from serving professional investors to retail users and meeting market demand through a licensed platform that provides users with a safer and simpler process to buy and store cryptocurrencies.

Earlier, the Hong Kong Securities and Futures Regulatory Authority (SFC) announced that it would allow digital currencies to be traded in retailers later this year as part of the city’s growing efforts to become a hub for the digital currency market.

In this regard, Keith Choi, interim head of brokers at the Hong Kong watchdog, revealed that the Authority will announce that there will be platforms available to trade Hong Kong retail cryptocurrencies in the second half of 2023.