HKVAX Lianchuang: It will take half a year at the earliest to obtain the first and seventh types of licenses from the Hong Kong Securities Regulatory Commission, and plans to launch platforms, OTC and other services

Odaily Planet Daily News Hong Kong Virtual Asset Exchange (HKVAX) Co-founder and Operations Director Huo Zhaoliang said that it will take half a year at the earliest to obtain the first and seventh types of licenses from the Hong Kong Securities Regulatory Commission, and plans to launch platforms, OTC over-the-counter transactions, etc. services, but whether to launch STO (Security Tokens) depends on the regulations of the Hong Kong Securities Regulatory Commission. At the same time, HKVAX Chief Executive Officer Wu Weiliang said that Hong Kong supports the development of a global virtual asset hub and helps the industry solve problems. It has been seen that companies that have moved to Singapore and Dubai have returned to Hong Kong.