Date: Aug 22nd 2020
Notice: The board of directors of Hong Kong Digital Asset EX Limited (“HKbitEX”) is aware that the Hong Kong Securities and Futures Commission (“SFC”) has recently issued a notice of approval in principle for the “Virtual Asset Trading Platform License (Type 1 and Type 7)” application. We view this as a meaningful and positive development given its perception as an act of precedence towards the future development within the virtual asset industry.
We believe this move by the Hong Kong SFC will further encourage institution investors to explore and enter the virtual asset industry. HKbitEX expects these tailwinds to accelerate the application of its virtual asset trading platform licenses and as always is ready to deploy its solutions safely and in compliance with HK SFC regulations.
The board at HKbitEX is positive that the accelerating momentum within this space paves a solid foundation for the Group to successfully apply for a license smoothly.