TechFlow news, September 25 — According to an official announcement from BiyaPay, the company has responded to the recent statement issued by Hong Kong's Securities and Futures Commission (SFC) regarding unlicensed operations in the Hong Kong region.
BiyaPay stated that it currently does not hold a stock trading license or a cryptocurrency trading license in Hong Kong, and strictly complies with all relevant laws and regulations set by the SFC. It explicitly declares that BiyaPay does not offer stock or cryptocurrency trading services to residents of Hong Kong.
At the same time, BiyaPay is steadily advancing its global compliance initiatives. The company disclosed that it has obtained a New Zealand FSP Financial Services license and has established a team in the United States, where it is actively applying for a U.S. Broker license. Additionally, BiyaPay is investing in and acquiring stakes in local Hong Kong securities and crypto-related licenses, while simultaneously pursuing regulatory approvals in multiple jurisdictions, including:
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EU MiCA and VASP licenses
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New Zealand FMA license
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Cayman SIBL Securities Investment Business license and banking license
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U.S. MTL (Money Transmitter License)
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U.S. RIA (Registered Investment Adviser) license
Meanwhile, BiyaPay is establishing funds in BVI and the Cayman Islands and accelerating the development of BIYA Chain to promote on-chain trading of U.S. stocks. The company stated that through continuous improvement of its licensing framework and asset management capabilities, BiyaPay is committed to building a more robust and transparent global compliance system.
BiyaPay emphasized that compliance development will be its top strategic priority over the next 2–3 years. The platform remains steadfast in its principle of "user asset security first" and will continue increasing investment in compliance to build a secure, transparent, and sustainable trading environment for global users, further strengthening customer trust.
