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Hong Kong Grants Operating Licenses to Four Exchanges Including DFX Labs

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YM Lee
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  • The Hong Kong Securities and Futures Commission announced that it has granted operating licenses to four virtual asset exchanges.
  • It has been confirmed that exchanges such as HKbitEX, Accumulus, DFX Labs, and X IO have received license approvals.
  • Hong Kong plans to accelerate the approval process for the virtual asset exchange licensing system.
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The Hong Kong Securities and Futures Commission has granted operating licenses to four virtual asset (cryptocurrency) exchanges.

According to a report by The Block on the 19th (local time), the Hong Kong Securities and Futures Commission announced that it has approved license permits for four exchanges: HKbitEX, Accumulus, DFX Labs, and X IO.

Hong Kong officially launched a licensing regime for virtual asset trading platforms (VATP) in June 2023 and recently announced plans to expedite the approval process.

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