OKX, one of the leading cryptocurrency exchanges, announced that it will open a new unit in Hong Kong and apply for a Virtual Asset Service Provider (VASP).
Considering Hong Kong’s warm attitude towards crypto companies in recent months, OKXdecided to establish a new unit in the region. OKX In the press release made by the company, its local services are in parallel with the new unit opened in Hong Kong. legal status To move VASP that an application will be made.
OKX is one of the most important reasons behind the VASP application. one June 2023expected to come into effect in Money Laundering and Anti-Terrorism Financing Regulation It was emphasized that it was to ensure compatibility with its scope.
OKX Global Corporate General Manager Lennix Lai In his statement on the subject, he made the following sentences:
At OKX we see tremendous potential in Hong Kong and are committed to investing in talent and working with regulators over the next five years to continue building the local ecosystem. Through the new VASP regime, the Hong Kong government has created a solid regulatory framework and the right conditions for Hong Kong to become a world-leading digital asset hub.
Chinese The government’s support for Hong Kong-based crypto money investments, especially as of February, gained a positive momentum. Finally, by local authorities March 27 In a dated statement, over the past few months, Chinese state banks have been directly Hong KongThey started working with crypto companies in , and banking service offered were stated.