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HKbitEX received in-principle approval for Hong Kong virtual asset trading platform licenses No. 1 and 7

On March 28th, Tai Chi Capital announced that Hong Kong digital asset exchange HKbitEX has been granted a provisional approval for Type 1 regulated activity (dealing in securities) and Type 7 regulated activity (providing automated trading services) for virtual asset trading platforms (VATP) by the Securities and Futures Commission (SFC) under the Securities and Futures Ordinance (SFO). Tai Chi Capital Group Limited, the parent company of HKbitEX, has become the first virtual asset full-license digital financial group under the new virtual asset trading platform operator licensing regime. HKbitEX can provide automated trading and over-the-counter trading services for virtual assets such as Bitcoin and Ethereum, while also providing users with convenient and compliant fiat deposit and withdrawal services. After obtaining approval for listing on the SFC, HKbitEX will provide automated trading services for the group's security tokens.

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