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Hong Kong Grants First Exchange License Under New Crypto Regulations to HashKey

Hong Kong is looking to establish itself as a digital-asset center, and the first license under its new crypto regulations has been granted to HashKey Exchange. This move legalizes the retail trading of tokens in the city and is part of the officials' efforts to foster a global hub for the digital-asset sector.

According to a Thursday statement by HashKey, the company has become the first licensed trading platform in the city, as its existing licenses were upgraded. This will allow the company to offer services to retail investors. The Securities and Futures Commission has not yet issued a statement regarding this development.

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