Hong Kong cryptocurrency alternate HKVAEX has not utilized for a digital asset buying and selling platform license with Hong Kong’s Securities and Futures Commission (SFC), a spokesperson for HKVAEX has stated.
Amid a number of studies erroneously suggesting that HKVAEX has utilized for an SFC license, the HKVAEX consultant claimed the crypto alternate has but to submit an utility.
“We are still preparing for the application at the moment,” the HKVAEX consultant advised Cointelegraph on Nov. 27. The spokesperson confused that HKVAEX shouldn’t be confused with VAEXC, which applied for a crypto license in Hong Kong on Oct. 25, in accordance to SFC information.
“VAEXC is another applicant, and they have nothing to do with us,” the HKVAEX consultant stated, including that the agency is unrelated to HKVAEX.
The information got here a couple of weeks after the Hong Kong-based publication South China Morning Post (SCMP) reported that Binance was behind the HKVAEX alternate. According to SCMP sources, HKVAEX was arrange by Binance to pursue a crypto license in Hong Kong. The report additionally claimed that HKVAEX’s web site makes use of Binance servers to fetch content material.
HKVAEX and Binance didn’t reply to Cointelegraph’s request for touch upon alleged hyperlinks between the platforms.
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According to information from SFC, OSL Digital Securities and HashKey exchanges are the one two crypto buying and selling platforms which have been licensed as digital asset buying and selling platform operators as of Nov. 27. In August 2023, OSL and HashKey turned the primary crypto exchanges to begin providing crypto trading services to retail customers in Hong Kong below the country’s new crypto regulations.
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