The first license under Hong Kong’s new crypto regime went to HashKey Exchange, legalizing the retail trading of tokens in the city as officials seek to foster a global hub for the digital-asset sector. HashKey will be able to “expand its business scope from serving professional investors to retail users” after receiving an upgrade of its existing licenses, the company said in a Thursday statement. Hong Kong started a mandatory crypto framework this summer in an effort to restore its image as a cutting-edge financial center. HashKey has partnered with Standard Chartered Plc to provide fiat currency deposit and withdrawal services.
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