Hong Kong Brokerages Advance in Virtual Asset Licensing

According to BlockBeats, Hong Kong's Victory Securities (08540.HK) saw a significant increase in its stock price, rising over 130% to a current quote of 8.6 HKD. Industry insiders involved in virtual asset license applications and system integrations have disclosed that several local brokerages, including Victory Securities and Eddie Securities, have completed their Type 1 license upgrades. This development suggests that these brokerages may soon be authorized to offer cryptocurrency and other virtual asset trading services, similar to Guotai Junan International.