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(Reuters) – Cryptocurrency change HashKey on Thursday mentioned it is going to start providing its companies to retail customers in Hong Kong, turning into the primary licensed crypto buying and selling change within the metropolis to take action.
HashKey mentioned it obtained a licence replace from the Hong Kong Securities and Futures Fee, permitting the change to increase its enterprise scope from serving skilled buyers to retail customers.
The Hong Kong-based change obtained a licence to function within the metropolis final November, making it certainly one of two licensed crypto exchanges in Hong Kong in addition to rival change OSL.
The town has been pulling out all of the stops in its bid to emerge as a world crypto hub, from courting mainland China crypto funds to floating plans of testing a digital greenback in its mortgage market.
In June, banking regulator Hong Kong Financial Authority (HKMA) mentioned that it had, in April, requested lenders working within the area to attempt to meet the enterprise wants of licensed crypto exchanges.