Hong Kong Investment Firm Victory Securities Obtains Retail Crypto Trading License
Summary
Hong Kong's Victory Securities has received approval from the Securities and Futures Commission (SFC) to provide crypto services to retail clients, making it the first licensed corporation to offer such services. This follows Hong Kong's earlier decision to allow the offering of crypto services to retail investors, a move signaling a shift in the cryptocurrency market towards Asia. The firm joins other crypto-native companies HashKey Exchange and OSL Digital Securities. The SFC has listed Victory as a virtual asset trading firm applicant.
