Hong Kong accepts crypto license application past deadline
Hong Kong Digital Asset Xchange is the latest firm to apply for a license, having submitted its application on Aug. 27.
The Hong Kong Securities and Futures Commission (SFC) has granted a new digital asset exchange license to Hong Kong Digital Asset Xchange (HKDAEx) despite the May 31 deadline having passed.
HKDAEx, a company based in Hong Kong and a member of the Hong Kong Financial Asset Exchange Group, submitted an application for a digital asset exchange license on Aug. 27, according to the regulator’s listing.
However, the SFC may return the application if it finds it incomplete or if there are unresolved fundamental issues.
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Author: Pradipta Mukherjee
