TechFlow reports that the Hong Kong Securities and Futures Commission has updated its list of virtual asset trading platform applicants. The latest information shows that "BX SERVICES LIMITED" submitted an application for a virtual asset trading platform license on January 4. The company does not have a Chinese name, and its virtual asset trading platform is named "HKVAEX".
BlockBeats previously reported, citing sources, that Hong Kong-based cryptocurrency exchange HKVAEX plans to apply for a license in Hong Kong.
According to insiders, HKVAEX was established by Binance to obtain a crypto business license in Hong Kong. The HKVAEX platform's website indicates it uses Binance servers to retrieve content, the shared code between the two companies bears similarities, and their terms of use follow nearly identical templates, suggesting the two firms may also share legal resources.
In response, a Binance spokesperson stated that HKVAEX does not belong to the Binance group of companies.
