Hong Kong cryptocurrency exchange HKVAEX hasn’t requested an online asset buying and selling platform license with Hong Kong’s Securities and Futures Commission (SFC), a spokesperson for HKVAEX has stated.
Among multiple reports erroneously suggesting that HKVAEX has requested an SFC license, the HKVAEX representative claimed the crypto exchange has yet to sign up.
“We continue to be get yourself ready for the applying right now,” the HKVAEX representative told Cointelegraph on November. 27. The spokesperson stressed that HKVAEX shouldn’t be wrongly identified as VAEXC, which applied for any crypto license in Hong Kong on March. 25, based on SFC data.
“VAEXC is yet another applicant, and they’ve nothing related to us,” the HKVAEX representative stated, adding the firm is unrelated to HKVAEX.
This news came a couple of days following the Hong Kong-based publication South China Morning Publish (SCMP) reported that Binance was behind the HKVAEX exchange. Based on SCMP sources, HKVAEX was setup by Binance to pursue a crypto license in Hong Kong. The report also claimed that HKVAEX’s website uses Binance servers to fetch content.
HKVAEX and Binance didn’t react to Cointelegraph’s request discuss alleged links between your platforms.
Related: Interactive Brokers Hong Kong licensed in Hong Kong for retail virtual asset buying and selling
Based on data from SFC, OSL Digital Securities and HashKey exchanges would be the 3 crypto buying and selling platforms which have been licensed as virtual asset buying and selling platform operators by November. 27. In August 2023, OSL and HashKey grew to become the very first crypto exchanges to begin offering crypto buying and selling services to retail customers in Hong Kong underneath the country’s new crypto rules.
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