Connect with us

Hi, what are you looking for?

Editor's Pick

Bixin Applies for Crypto Exchange License With Hong Kong SFC

Virtual asset trading platform Bixin has applied for a virtual asset trading platform license with Hong Kong Securities Futures Commission. So far, 13 crypto firms have applied for the similar license with the Hong Kong regulator.

As per the official SFC website, virtual asset trading platform Bixin, operated by NewBX Limited, applied for a crypto exchange license with the regulator on Jan 24, 2024. Currently, OSL and HashKey are the only two licensed crypto exchanges in Hong Kong.

Some of the other applicants who have applied for the crypto exchange license in Hong Kong include OKX Hong Kong, Hong Kong Virtual Asset Exchange Limited, and Meex Digital Securities Limited.

Hong Kong has ramped up regulatory efforts post the $182 million JPEX scandal where over two dozen suspects were arrested.

Hong Kong plans to amend regulations to include OTC trades


During his speech at the Asian Financial Forum, Chan Ho-Lin, the Deputy Secretary for Financial Services and the Treasury, emphasized the authorities’ active role in fostering the growth of virtual assets and the third-generation Internet ecosystem, local media reported.

He announced plans to amend regulations, enabling the over-the-counter exchange of virtual assets, with these trading activities falling within the purview of supervision.

Chan also noted that the government is working on ensuring that the regulatory system effectively manages and mitigates both actual and potential risks associated with virtual assets. Simultaneously, the aim is to provide a transparent and predictable regulatory environment to support the industry’s development, he added.

The post Bixin Applies for Crypto Exchange License With Hong Kong SFC appeared first on Cryptonews.

Enter Your Information Below To Receive Latest News, And Articles.

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    WINDHAM, N.H. — It’s pouring rain Saturday morning as New Hampshire Gov. Chris Sununu (R) arrives at Mary Ann’s diner in Windham, fielding calls...

    Latest News

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Latest News

    In the final three weeks of the presidential race, former president Donald Trump and his advisers have attacked one particular foe more than three...

    Economy

    As the baby boomer generation continues to pass their wealth onto the generations which followed them, a recent report has shown that the amount...