Recently, HashKey Exchange, part of HashKey Group, became the fastest company to be licensed in Hong Kong until the day when policy allowing a crypto trading was applied in Hong Kong starting from the 1st of June 2023. The platform initially planned to start working on the 28th of August 2023, giving retail investors the opportunity to invest in Bitcoin and Ethereum meanwhile restraining the asset investment to not more than 30 % of total property. The only allowed to be traded digital assets consisted of BTC, ETH, USDT, USDC, and only in terms of Spot trading – allowing to meet the stringent criteria of Hong Kong’s license, which only permit a minimum range of coins to be listed. Standard Chartered Bank got to be HashKey’s banking partner cooperating with its customers regarding forming the necessary fiat transfers. Earlier, the first bank encouraging customers for purchasing and disposing of Ethereum or Bitcoin ever was HSBC. After the declaration in terms of allowing single businessmen to do crypto trading, HashKey has competently applied for the licenses permitting it to provide its trading services to individual investors.
HashKey Exchangestated that they don’t have the voting right on behalf of their users when it comes to dealing with virtual trust management services. Therefore, anyone eager toeforce particular virtual assets’ protection must opponent the assets withdrawal from the platform.
