Business News Report
June 01, 2023

Hashkey PRO Submits Application to Offer Retail Trading Services in Hong Kong

In Brief

Virtual asset trading platform HashKey PRO has submitted a license application to offer retail services in Hong Kong.

Virtual asset trading platform HashKey PRO has submitted a license application to offer retail services in Hong Kong.

Hashkey PRO, a Hong Kong Securities and Futures Commission (SFC) licensed virtual asset trading platform, has submitted a license application under Hong Kong’s Anti-Money Laundering and Counter-Terrorist Financing Ordinance to offer retail services in the country.

With the application submission, Hashkey PRO is further showing its commitment to regulatory compliance and the provision of a trusted trading platform for retail investors.

In accordance with the recent Consultation Conclusions on the Proposed Regulatory Requirements for Operators of Virtual Asset Trading Platforms, licensed virtual asset trading platforms will uphold the Guidelines, which encompass both licensing and conduct obligations.

Recognizing the importance of ensuring strong investor protection measures, Hashkey PRO is dedicated to conducting suitability assessments, establishing a token admission and review committee, and strictly adhering to diligent due diligence procedures and admission criteria for virtual assets available to retail users.

Michel Lee, Executive President at HashKey Group said: “We are dedicated to meeting the needs of retail investors and ensuring that their best interests are protected. By proactively applying for the necessary license, we demonstrate our commitment to regulatory compliance, creating a platform that is tailored to the retail user experience and meeting the evolving demands of the industry.”

The license application submission marks another step forward for Hashkey PRO as it aims to become a fully licensed platform for retail investors in Hong Kong. The company pledges to work closely with the SFC and relevant authorities to provide a secure, compliant, and user-centric trading experience for retail investors.

“We are still in the early stages of the virtual asset industry, and we are very excited to have the opportunity to expand and deepen the scale of this market in Hong Kong. When we built our platform, the first thing we considered was compliance and how to best ensure the safety of our clients’ funds. Our operational model is designed around this principle. We deeply believe that our value proposition will distinguish us significantly from the competition and make us a trusted platform,” said Colin Zhong, CEO of HashKey PRO.

The virtual asset trading platform will launch with FIAT trading pairs in Q2 this year.

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Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

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Cindy Tan
Cindy Tan

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

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