Seychelles-based crypto exchange OKX has announced that it plans to launch virtual asset services in Hong Kong and has set up a new entity there. The company also noted that it intends to apply for the virtual asset service provider (VASP) licence under the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022 which is to take effect on 1 June. Furthermore, OKX will also apply for Type 1 & 7 licences under the Securities and Futures Ordinance for dealing in securities and automated trading services, respectively. OKX Managing Director of Global Institutional Lennix Lai said: ... (full story)