TechFlow news — According to Cointelegraph, Hong Kong-based cryptocurrency exchange HKVAEX stated it has not yet applied to the Securities and Futures Commission (SFC) for a virtual asset trading platform license.
An HKVAEX representative said: "We are still preparing our application." The representative emphasized that HKVAEX should not be confused with VAEXC, which submitted its crypto licensing application to the SFC on October 25.
Earlier, Hong Kong’s South China Morning Post, citing sources, reported that HKVAEX was established by Binance to apply for a cryptocurrency license in Hong Kong. The report also claimed that HKVAEX's website uses Binance servers to deliver content.
According to SFC data, as of November 27, only two crypto trading platforms—OSL Digital Securities and HashKey—have obtained licenses to operate virtual asset trading platforms in Hong Kong.
