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OKX to Launch Hong Kong Entity, Apply for Virtual Asset Licenses

OKX, the world's second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced it has set up a Hong Kong entity for launching virtual asset services in Hong Kong, and intends to apply for the virtual asset service provider (VASP) licence under the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022 which is scheduled to take effect on 1 June 2023, and the Type 1 & 7 licences under the Securities and Futures Ordinance.

The announcement comes after more than a year of preparation by OKX to fulfill anticipated regulatory requirements from organizational, product, security and compliance standpoints.

OKB OKB $55.02
+3.61%
OKX Hong Kong
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