Around ten crypto exchange applications remain pending, while another ten have been since withdrawn.
with the Financial Times, Livio Wang, chief operating officer of HashKey Group, said that the crypto exchange licenses are “not necessarily tens of millions of dollars, but certainly tens of millions of Hong Kong dollars .” He explained that “the costs corresponding to the stage of preparing license review materials are different from those of the operation stage.” He further stated:
"For HashKey, which is already in operation, our investment in the entire exchange sector is indeed tens of millions of dollars, but it is not expected to be so much for a platform that is still in the licensing stage."all unlicensed crypto exchanges in the East Asian city, with the penalty of criminal charges for noncompliance. Currently, there more are than 11 firms with the “deemed to be licensed” designation.
Wang revealed during the interview that since its launch, HashKey Exchange now manages $500 million in user assets and has facilitated $440 billion in cumulative trades. “Our number of activated customers this week exceeded last week by 267%, and the number of newly activated customers more than tripled,” the blockchain executive stated.
In April, HashKey followed the example of Coinbase in setting up a global exchange based in Bermuda for international users. Unlike its Hong Kong-based counterpart, which was the first to win a license to operate in the region, HashKey Global won’t serve Hong Kong, China, the United States, and a host of
The rollout of Hong Kong's exchange licensing regime was stunted last year when, despite the existence of existing rules, an unlicensed crypto exchange, JPEX, managed to swindle investors out of $166 million beforeA BTC price breakout ‘never seen before’ — 5 things to know in Bitcoin this week
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Alibaba's Hong Kong shares drop 5% after report of possible $5 billion convertible bond saleHong Kong-listed shares of Alibaba fell over 5% Thursday following a report that the Chinese tech giant is considering selling convertible bonds.
Baca lebih lajut »
Hong Kong Police In Search of Four After Crypto Investor Abduction: ReportCrypto Blog
Baca lebih lajut »
King Kong's Iconic Empire State Building Scene In Peter Jackson's Movie Gets Low Accuracy Score From Primate ExpertKing Kong looking stoic next to King Kong roaring in King Kong 2005
Baca lebih lajut »
Communities abroad commemorate Tiananmen Square victims after Hong Kong crackdown quashes ceremoniesHong Kong's decades-old annual vigil to commemorate those who died in the 1989 the Tiananmen Square crackdown has vanished after enactment of a China-imposed security law.
Baca lebih lajut »
Hong Kong lawmaker criticizes 'excessively stringent' crypto licensing rulesMany global crypto exchanges — including OKX, Gate.io and HTX — have withdrawn their VATP license applications in Hong Kong.
Baca lebih lajut »
After crackdown on Hong Kong, overseas communities carry the torch to keep Tiananmen memories aliveChina has quashed large-scale commemorations of Tuesday's 35th anniversary of Beijing's Tiananmen Square crackdown within its borders.
Baca lebih lajut »