Hong Kong regulator approves first crypto company license since June last year
CoinDesk
Hong Kong's SFC granted Victory Fintech a digital asset trading platform license, the first since June 2024.Summary
Hong Kong's Securities and Futures Commission (SFC) has approved a crypto license for Victory Fintech (VDX), an affiliate of Victory Securities. This marks the first addition to the SFC's registry of licensed crypto firms since June 17 last year, bringing the total number of approved platforms to 12. Hong Kong's regulatory regime for crypto services, introduced in 2023, is known for being strict, leading major exchanges like OKX and Bybit to withdraw their applications in May 2024. The approved platforms now include Hashkey Exchange, OSL Digital Securities, and Bullish.
(Source：CoinDesk)