Hong Kong Officially Opens Crypto Trading to Retail Investors, Grants First Licenses to HashKey, OSL

, a subsidiary of Hong Kong's BC Technology Group Ltd, that it also had obtained a license to serve retail customers.

The two entities already had licenses from Hong Kong's previous opt-in licensing regime for crypto asset service providers, which may have helped expedite the new approvals. "As an existing Type 1 and Type 7 licenses holder, HashKey Exchange successfully underwent a simplified process to obtain the license upgrade ... to expand its business scope from serving professional investors to retail users, fulfilling market demand for a licensed platform that offers users a safer and simpler process for buying and storing cryptocurrencies," the exchange said.

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