TechFlow news: Carmen Tan, newly appointed Chief Communications Officer at cryptocurrency exchange CoinW, revealed that CoinW will open a new subsidiary in Hong Kong named "CoinWHK." This subsidiary aims to provide localized products and services for Hong Kong investors. The company has already engaged local legal counsel to initiate the application process for a Virtual Asset Service Provider (VASP) license. CoinW stated it will comply with Hong Kong's newly implemented digital asset licensing regime to become a key player in the region's emerging Web3 ecosystem.
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