OKX applies for a Hong Kong license for a virtual asset trading platform!

The post OKX applies for a Hong Kong license for a virtual asset trading platform! appeared first on Coinpedia Fintech News

Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), has announced that OKX Hong Kong FinTech Company Limited has submitted an application for a virtual asset trading platform license. This makes OKX the first offshore exchange to formally apply for a compliance license in Hong Kong. The SFC’s list of applicants currently stands at seven companies. The move by OKX comes as Hong Kong looks to establish itself as a hub for digital asset trading and investment. The city’s government has been actively promoting the development of its fintech sector, and the SFC has been working to create a regulatory framework for virtual assets.