Chinese Tenfeng Securities Subsidiary Secures Virtual Asset Trading License in Hong Kong
Uk Jin
Summary
- Tenfeng Securities’ subsidiary, Tenfeng International, announced that it has acquired a virtual asset trading service license in Hong Kong.
- As a result, Tenfeng International is now officially able to provide virtual asset trading services for Bitcoin (BTC), Ethereum (ETH), and more.
- It was assessed that this approval demonstrates the practical application of Hong Kong’s virtual asset regulatory framework based on the principle of ‘same business, same risk, same regulation’.
Tenfeng Securities, a Chinese financial company, is seeking to enter the virtual asset (cryptocurrency) business through its subsidiary.
According to CoinKu on the 28th (Korea Standard Time), Tenfeng Securities’ subsidiary Tenfeng International has recently obtained a virtual asset trading service license from the Hong Kong Securities and Futures Commission (SFC). With this approval, Tenfeng International can now offer virtual asset trading services, including Bitcoin (BTC) and Ethereum (ETH).
CoinKu evaluated this approval as “an example that demonstrates the virtual asset regulatory framework based on Hong Kong’s ‘same business, same risk, same regulation’ principle is functioning as intended.”
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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