40 institutions in Hong Kong upgrade to License No. 1, approved to provide virtual asset trading services.

According to the Hong Kong Securities and Futures Commission, as of June 24, a total of 40 institutions have upgraded to license No. 1, which means upgrading their existing securities trading license to provide virtual asset trading services through a consolidated account arrangement, including 38 brokerage firms, 1 bank, and 1 internet company.

Industry insiders pointed out that the No. 1 license (upgrade) obtained by Chinese-funded securities firms this time is only a distribution attribute, and brokers cannot build their own cryptocurrency trading platform, but instead connect clients to existing cryptocurrency trading platforms.

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AllInDaddyvip
· 06-28 04:14
Sprinkling pepper everywhere again.
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MEVictimvip
· 06-27 17:46
What's the use? We still have to rely on the platform.
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NoodlesOrTokensvip
· 06-26 05:26
It's time to Be Played for Suckers again~
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PebbleHandervip
· 06-26 05:24
Is the Hong Kong regulator here to squeeze money again?
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MevHuntervip
· 06-26 05:22
You can play arbitrage again!
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GweiWatchervip
· 06-26 05:21
It's better to just let it go and do it.
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NFTFreezervip
· 06-26 05:07
It's better to just start a brand directly.
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