OKX Nears Final Stage of VASP License Application in Hong Kong

OKX Nears Final Stage of VASP License Application in Hong Kong



OKX is nearing the completion of its VASP license application process for operations in Hong Kong, with the goal of acquiring up to 200,000 retail customers within a year of getting the green light.



Li Zhikai, OKX's Global Chief Business Officer and representative of one of the top 10 largest cryptocurrency exchanges indicated that the organization is in the final stages of its license application and is hopeful of securing the license by June 2024.



The company anticipates that gaining this regulatory approval will draw between 100,000 and 200,000 retail customers in Hong Kong in the subsequent year. Should the VASP license be granted, as indicated in a recent announcement, it would enable OKX to provide a range of cryptocurrency services in Hong Kong, including trading and custody of assets. Li Zhikai pointed out that dialogues


Read more about OKX Nears Final Stage of VASP License Application in Hong Kong


#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #HongKong, #News, #OKX

Comments

Post a Comment

Popular posts from this blog

Bitcoin news

Image
Bitcoin news section contains news about bitcoin - the main cryptocurrency. While the crypto world has a vast variety of cryptocurrencies, bitcoin has around half of it, at least, by capitalization on the cryptocurrency market. The same story with the cryptocurrency news - bitcoin news plays an important role here and there are lots of them daily, comparing to the other coins. While being the first of a kind, bitcoin is not becoming outdated as the core development team is constantly working on improvements of its code and network. But ... Read more about " Bitcoin news " on coinatory.com
Read more

What is Zcash?

Image
Many countries around the world are increasingly adopting cryptocurrency due to its speed and privacy feature that keeps transactions safe and secured. However, it is not all cryptocurrencies that guarantee privacy to users due to their design technique. For instance, the bitcoin uses a blockchain technology that serves as an open ledger, Whenever users transact, the details are stored in a block and can be tracked using the information stored by miners in the blockchain. Some cryptocurrencies are against the bitcoin"s design which exposes ... Read more about " What is Zcash? " on coinatory.com
Read more

The American FBI crashed cryptos" prices down

Image
The Federal Bureau of Investigation (FBI) currently conducts 130 different investigations related to cryptocurrencies. The actions of American law enforcement officers literally "knocked down" the prices of the cryptocurrency. According to Bloomberg, referring to the special FBI surveillance agent Kyle Armstrong, the agency investigates many crimes, including human trafficking, drug operations, kidnapping, and extortion, which have a component of the cryptocurrency. As explained by Armstrong, in recent times the number of such crimes ... Read more about " The American FBI crashed cryptos" prices down " on coinatory.com
Read more