{"id":76332,"date":"2023-03-28T16:50:44","date_gmt":"2023-03-28T13:50:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76332"},"modified":"2025-09-10T16:49:28","modified_gmt":"2025-09-10T13:49:28","slug":"okx-to-apply-for-a-hong-kong-license","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/okx-to-apply-for-a-hong-kong-license\/","title":{"rendered":"OKX to Apply for a Hong Kong License"},"content":{"rendered":"

The cryptocurrency exchange OKX plans to open a Hong Kong subsidiary. This is stated in the company’s \u043f\u0440\u0435\u0441\u0441-\u0440\u0435\u043b\u0438\u0437\u0435<\/a>.<\/p>\n

The platform will also apply for a license as a virtual asset service provider (VASP).<\/p>\n

OKX representatives noted that preparations for the launch had been ongoing for a year. The company has been adjusting to local regulatory requirements in terms of ‘standards of organisation, product, security and compliance’.<\/p>\n

\n

\u201cThanks to the new VASP regime, the Hong Kong government has created a robust regulatory framework and the conditions necessary to become a leading global hub for digital assets. We look forward to the approval of the applications for the relevant licenses,\u201d said Lennix Lai, managing director of OKX.<\/p>\n<\/blockquote>\n

Earlier, Huobi filed<\/a> a similar application for a VASP license. Justin Sun, founder of Tron and a member of the exchange’s advisory board, spoke of plans to launch a new trading platform in the jurisdiction.<\/p>\n

In February 2023, Hong Kong’s Financial Secretary Paul Chan said<\/a> that authorities would allocate around $6.4 million to accelerate the development of the local Web3<\/a> ecosystem.<\/p>\n

Earlier, reports in March noted that several large Chinese banks opened accounts<\/a> or sent requests to cooperate with crypto firms based in the jurisdiction.<\/p>\n

Former BitMEX CEO Arthur Hayes has suggested that China is trying to return to the crypto industry<\/a> through Hong Kong.<\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency exchange OKX plans to open a Hong Kong subsidiary. This is stated in the company’s press release.<\/p>\n","protected":false},"author":1,"featured_media":76333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[832,1291,36],"class_list":["post-76332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-hong-kong","tag-okx","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=76332"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76332\/revisions"}],"predecessor-version":[{"id":76334,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76332\/revisions\/76334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/76333"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=76332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=76332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=76332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}