The approval for NewBX Limited’s Bixin raises Hong Kong’s total number of licensed virtual asset trading platforms to 13, while six applicants remain under the city’s regulatory review process.
Hong Kong’s Securities and Futures Commission of Hong Kong has granted NewBX Limited’s Bixin a virtual asset trading platform license, increasing the city’s total number of licensed crypto trading venues to 13. Bixin is approved for Type 1 and Type 7 regulated activities and is also licensed under anti-money laundering rules to operate a virtual asset trading platform. The update also indicates that six virtual asset trading platform applicants remain in the pipeline.