Binance-linked HKVAEX still preparing to apply for license in Hong Kong

Hong Kong cryptocurrency exchange HKVAEX has not gotten a virtual asset trading platform license with Hong Kongs Securities and Futures Commission (SFC), a representative for HKVAEX has said.Amid numerous reports incorrectly suggesting that HKVAEX has requested an SFC license, the HKVAEX representative claimed the crypto exchange is yet to submit an application.” We are still preparing for the application at the minute,” the HKVAEX agent told Cointelegraph on Nov. 27. The spokesperson worried that HKVAEX ought to not be puzzled with VAEXC, which obtained a crypto license in Hong Kong on Oct. 25, according to SFC data.” VAEXC is another applicant, and they have absolutely nothing to do with us,” the HKVAEX representative said, adding that the company is unassociated to HKVAEX.Hong Kong VAEXC license application. Source: SFCThe news came a few weeks after the Hong Kong-based publication South China Morning Post (SCMP) reported that Binance was behind the HKVAEX exchange. According to SCMP sources, HKVAEX was set up by Binance to pursue a crypto license in Hong Kong. The report likewise declared that HKVAEXs website utilizes Binance servers to fetch content.The logos of cryptocurrency exchanges HKVAEX and Binance. Source: SCMPHKVAEX and Binance did not react to Cointelegraphs ask for discuss alleged links in between the platforms.Related: Interactive Brokers Hong Kong certified in Hong Kong for retail virtual possession tradingAccording to information from SFC, OSL Digital Securities and HashKey exchanges are the only two crypto trading platforms that have actually been certified as virtual property trading platform operators as of Nov. 27. In August 2023, OSL and HashKey became the first crypto exchanges to start using crypto trading services to retail consumers in Hong Kong under the nations new crypto regulations.Magazine: Bitmains vengeance, Hong Kongs crypto rollercoaster: Asia Express