Hashkey COO: It is expected that only 5 to 8 exchanges will be able to obtain Hong Kong compliance licenses in the end

Odaily Planet Daily News Livio Weng, chief operating officer of HashKey Group, said in an interview that Hashkey will not only be launched in Hong Kong, but other countries or regions can conduct business in compliance with regulations except China, the United States and restricted areas. He also said that it is expected that only 5-8 exchanges will eventually successfully obtain the Hong Kong virtual asset exchange license, and 80% of the license applications are expected to be withdrawn. Currently Hashkey cooperates with Chainalysis to ensure the security and compliance of encrypted assets themselves. In addition, Hashkey may be the first to launch ETFs (especially spot ETFs) within the compliance framework, including providing underlying infrastructure for funds applying for ETFs in Hong Kong. This business has already been launched. (DeThings)