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Hong Kong SFC Grants Crypto License to Victory Fintech
Hong Kong’s Securities and Futures Commission (SFC) has granted a virtual asset trading platform license to Victory Fintech (VDX), adding a new entrant to one of the world’s most tightly controlled crypto regimes. Victory is affiliated with publicly listed financial services firm Victory Securities (8540). According to the SFC’s public registry, Victory received approval on Friday, becoming the first new platform admitted since June 17 last year. The authorization allows the firm to operate a regulated digital asset trading platform in Hong Kong. With Victory’s inclusion, the number of licensed crypto ... (full story)
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