TechFlow news — According to a tweet by Lennix, Managing Director of Global Institutional Business at OKX, the OKX team has been actively preparing for its Hong Kong license application over the past year. A dedicated team of more than 20 professionals has been established to manage the compliance process in Hong Kong. Team members come from the SFC, SEC, international law firms, or licensed financial institutions. In accordance with SFO Type 1 and Type 7 regulatory standards, OKX has adjusted its operations, including restructuring to meet SFO MIC standards, revising token listing procedures, enhancing overall market surveillance, implementing Proof of Reserve, and strictly maintaining the segregation of customer funds.
Currently, OKX has over 400 employees in Hong Kong, consisting of product research and development and compliance teams. Going forward, OKX will continue investing to support the development of blockchain and Web3 in Hong Kong.Original link
