A spokesperson for Hong Kong cryptocurrency exchange HKVAEX said that the exchange has not yet applied for a virtual asset trading platform license from the Hong Kong Securities and Futures Commission (SFC).
While multiple reports have falsely suggested that HKVAEX has applied for an SFC license, HKVAEX representatives claim that the cryptocurrency exchange has not yet submitted its application.
A representative of HKVAEX told Cointelegraph on November 27: “We are still preparing the application.” The spokesperson emphasized that HKVAEX should not be confused with VAEXC, which is application The company applied for a cryptocurrency license in Hong Kong on October 25, according to the Securities and Futures Commission.
“VAEXC is another applicant and they have no relationship with us,” an HKVAEX representative said, adding that the company has nothing to do with HKVAEX.
The news comes weeks after it was published by Hong Kong publication South China Morning Post (SCMP). report Binance is the company behind the HKVAEX exchange. According to sources in the South China Morning Post, HKVAEX was established by Binance to apply for a cryptocurrency license in Hong Kong. The report also claims that HKVAEX’s website uses Binance servers to obtain content.
HKVAEX and Binance did not respond to Cointelegraph’s request for comment on the alleged connection between the platforms.
related: Interactive Brokers Hong Kong obtains retail virtual asset trading license in Hong Kong
According to data from the China Securities Regulatory Commission, as of November 27, OSL Digital Securities and HashKey Exchange were the only two cryptocurrency trading platforms to obtain virtual asset trading platform operator licenses. In August 2023, OSL and HashKey became the first cryptocurrency trading platforms to begin providing virtual asset trading platform operator licenses. Provides cryptocurrency trading services to retail clients in Hong Kong in compliance with the country’s new cryptocurrency regulations.
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