OKX Applied For Virtual Asset Licenses To Launch Its Hong Kong Entity
OKX, the world’s second-largest crypto exchange by trading volume, announced the formation of a Hong Kong corporation for the purpose of establishing virtual asset services in Hong Kong and the intention to apply for a virtual asset service provider (VASP) license. OKX has spent more than a year preparing to meet expected regulatory requirements in terms.
The VASP license is issued under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance 2022, which goes into force on 1 June 2023, while the Type 1 and 7 licenses are issued under the Securities and Futures Ordinance. OKX has lately extended not just to Asian markets but also to other prospective markets. Earlier, the exchange introduced Turkish Lira (TRY) deposits and withdrawals for Android, iOS, and the web, simplifying trading for Turkish users. The new report, which is accessible on its website, provides on-chain and off-chain asset balances, as well as a comprehensive list of wallet addresses. The sixth monthly Proof of Reserves report shows the exchange holding $8.9 billion in Bitcoin.
Source
https://t.me/Crypto_Futures_Trading
