CMB International Securities receives virtual asset license from the securities and future commission in Hong Kong
CMB International Securities receives virtual asset license from the securities and future commission in Hong Kong
CMB International Securities receives license for virtual assets in Hong Kong
CMB International Securities (CMBI), the brokerage division of the China Merchants Bank, has received a license for virtual assets from the Securities and Futures Commission (SFC) in Hong Kong. This approval marks an important step for CMBI in the area of trade in digital currencies and other virtual assets.
License by the SFC is an important signal for the regulatory framework in Hong Kong, where the supervisory authorities are increasingly creating clear regulation for trading with crypto-assets. The decision of the SFC to allow CMBI to act virtual assets could strengthen confidence in this sector and further increase the attractiveness of Hong Kong as the center for blockchain technology and digital financial services.
CMBI plans to expand its offer with this new license and to offer its customers access to a variety of trade possibilities in the area of virtual assets. The licensing is not only an expansion of CMBI services, but also a step towards the integration of traditional financial services with innovative digital solutions.
Overall, the acquisition of the license for virtual assets by CMBI is an important step that could promote both the growth of the company and the development of the digital asset market in Hong Kong. It remains to be seen what effects this development will have on the market and investors.
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