Source: Bailu Living Room
Virtual assets are still one of the most promising markets in the world. With the implementation of policies and the emergence of more and more compliance projects, the demand for enterprises and individuals to open accounts with Hong Kong compliance institutions to participate in virtual asset transactions is increasing.
This article is summarized in Bailu Living RoomThere are currently only three compliant virtual asset retail institutions in Hong Kong: OSL, Hashkey, and Victory SecuritiesThe account opening method helps investors participate in the Hong Kong Web3 layout more conveniently.
O.S.L.
2020 year 12 month 15 day, OSL was the first to obtain a license from the Hong Kong Securities and Futures Commission (SFC) to engage in regulated activities of Category 1 (securities trading) and Category 7 (providing automated trading services). It has officially become the world's first digital asset trading platform licensed by the SFC, listed, with digital asset wallet insurance and audited by the Big Four accounting firms, dedicated to serving institutional and professional investors.
On August 2023, 8, OSL announced that it had obtained approval from the Hong Kong Securities and Futures Commission to upgrade its existing license. It was approved to expand digital asset trading services such as Bitcoin and Ethereum to retail investors.
From the perspective of account opening process, OSL account opening is divided into two categories: personal account and corporate account. Among them, corporate account opening requires email contacting staff, who will guide the account opening process.
The OSL personal account opening process is as follows:
(i) Open a basic cryptocurrency account via email and select “Individual User” or “Company User”;
(ii) Complete OSL transaction KYC certification;
Identity verification includes:Personal information, identification document (ID card, passport), address proof*, biometric verification, financial information, proof of assets, agreement signature;
The identification documents you need to prepare include:ID card, passport;
The address proof documents you need to prepare include:Bank statement/credit card/water bill/electricity bill/gas bill within three months;
(iii) Complete a “Risk Appetite Assessment” to determine the trading features available to you; if your assessment score is too low, individual trading combinations may be restricted;
(iv) After completing the above steps, OSL Exchange will review and approve the application, and the result will usually be notified within one week;
(v) After completing the account opening process, the OSL account needs to be activated by making the first deposit;According to Hong Kong's cryptocurrency license regulations, the initial deposit amount must be at least HK$10,000 or US$1,500.
Hashkey Exchange
2022 year 11 month 10 day, Hash Blockchain Limited, a subsidiary of Hashkey Group, has been licensed by the Securities and Futures Commission of Hong Kong (SFC) to engage in Type 1 (securities trading) and Type 7 (providing automated trading services) regulated activities.Later, the compliant exchange Hashkey Exchange was launched.
2023 year 8 month 3 day, HashKey Exchange officially announced that it has obtained the upgrade of Type 1 and Type 7 licenses, becoming one of the first licensed trading platforms in Hong Kong to operate for retail users.
Currently, the services provided by Hashkey Exchange can be roughly divided into the following categories:
(i)Individual professional investors:An individual/jointly with others, or an investment company wholly owned by an individual, with a total investment portfolio of not less than HK$800 million or its equivalent in foreign currency on the relevant date;
(ii)Professional investors of the company:a corporation or partnership with an aggregate investment portfolio of not less than HK$800 million or its equivalent in foreign currency, or total assets of not less than HK$4000 million or its equivalent in foreign currency on the relevant date;
(iii)Institutional Professional Investors:Entities that meet the definition of “professional investor” under the Securities and Futures Ordinance, such as banks, brokerage firms, insurance companies or other regulated intermediaries;
(iv)Retail Clients or Retail Investors:Anyone other than a professional investor.
The process of opening a personal account at Hashkey Exchange is as follows:
(i) Enter your phone number or email address and fill in the verification code to complete account registration;
Email addresses that are not accepted include: qq.com, 163.com, 126.com, sohu.com, sina.com, etc.; mobile phone numbers cannot be from mainland China, the United States, Malaysia, American Samoa, Bangladesh, Algeria, Egypt, Guam, Morocco, Puerto Rico, and the Northern Mariana Islands;
(ii) Follow the prompts to complete the KYC verification. You need to select the account type during the KYC verification, and you cannot change it after selecting it;
Identity verification includes:Personal information, ID and biometric verification, financial information, asset proof, and agreement signing;
Unacceptable passport areas include:Russia, Afghanistan, Angola, Burundi, Belarus, Democratic Republic of Congo, Central African Republic, Côte d'Ivoire, Cuba, Eritrea, Ethiopia, Guinea, Guinea-Bissau, Haiti, Iraq, Iran, North Korea, Lebanon, Liberia, Libya, Mali, Myanmar, Nicaragua, Rwanda, Sudan, Sierra Leone, Somalia, Syria, Ukraine, Venezuela, Yemen, South Africa, Zimbabwe, South Sudan;
The address proof documents you need to prepare include:Bank statement/credit card/water bill/electricity bill/gas bill within three months; if using a relative’s proof of address, additional documents proving the relationship are required.
(iii) Performing facial recognition authentication;
(iv) Complete the “Investment Questionnaire”;
(v) Complete bank transfer authentication. When making a bank transfer, you need to upload two pieces of information: a bank card with the same name as the account, and an uploaded proof of payment transfer;
According to Hong Kong cryptocurrency license regulations, the first deposit amount must be no less than HK$10,000 or US$1,500;
HashKey accepts deposits in the following regions:Hong Kong, Australia, Austria, Belgium, Canada, Ireland, Israel, Italy, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, United Kingdom, United States (but does not support US ID or Visa card transfers).
For corporate and institutional investors, after selecting the corresponding category for identity authentication, the staff will send the relevant documents via email and guide you to open an account.
Victory Securities
2022年12月9日，胜利证券获得香港虚拟资产1号牌、4号牌，成为香港首间获证监会同时颁发虚拟资产交易和谘询牌照的金融集团。
2023 year 11 month 24 day,Victory Securities has obtained approval from the Hong Kong Securities and Futures Commission and has become the first licensed local brokerage firm in Hong Kong to provide virtual asset trading and consulting services to retail investors after the new regulations were issued.
According to the guidance process on Shengli Securities' official website, investors need to complete the Shengli SecuritiesSecurities account application;After account opening is completed,Non-Mainland China CustomersThis can be done in the following stepsVirtual Asset "VA" AccountThe opening of
For personal accounts, customers who meet the requirements to open a securities account at Shengli Securities include:Customers holding Hong Kong identity cards and customers holding Mainland identity cardsBoth.
The documents that customers holding Hong Kong identity cards need to prepare include:(i) Hong Kong Identity Card; (ii) Hong Kong telephone number; (iii) Hong Kong bank account number for future deposits; (iv) proof of residential address within three months, such as bank statements, utility bills, etc.; and (v) an email address for receiving relevant notices and documents from Victory Securities.
Documents required for customers holding Mainland ID cards include:(i) Mainland China second-generation ID card; (ii) Mainland China telephone number; (iii) a debit card with the same name opened in a Mainland China bank for verification; (iv) a Hong Kong bank account for future deposits; (v) proof of address within three months, such as bank statements, utility bills, etc.; and (vi) an email address for receiving relevant notices and documents from Victory Securities.
After preparing the relevant documents, individual customers can go to Shengli Securities official website"Customer Service" - "Frequently Asked Questions",The official website has listed detailed graphic and text operation steps. You can complete the opening of a securities account by filling in the required information.
For corporate accounts, currentlyHong Kong companies and overseas companiesThere are two types of account opening processes.
The documents that a Hong Kong company needs to prepare include:(i) A copy of the board resolution; (ii) A copy of the identity card/passport of all directors, authorized transaction persons, authorized signatories, ultimate major beneficial holders of 10% or more of the company's ultimate interest/shares and a proof of address in the last three months; (iii) Certificate of Incorporation, CI and subsequent certificate of change of name; (iv) Articles of Association or Rules; (v) Proof of company address; (vi) Company bank account; (vii) The most recent annual return, all subsequent notices of appointment/resignation of secretary and directors, and share allotment return and/or transfer instrument detailing the current shareholders; (viii) A valid Business Registration Certificate, BR; (ix) Company shareholding structure chart.
The documents that overseas companies need to prepare include:(i) Copy of the board resolution; (ii) Copy of the ID card/passport of all directors, authorized transaction persons, authorized signatories, ultimate major beneficial holders of 6% or more of the company's ultimate interest/shares and address proof within the last three months; (iii) Certificate of Incorporation, CI and subsequent certificate of change of name; (iv) Articles of Association or Rules; (v) Proof of company address; (vi) Company bank account; (vii) Directors' record; (viii) Shareholders' record; (ix) Directors' certificate of office issued within the last XNUMX months; (x) Company shareholding structure chart.
Regardless of whether it is a Hong Kong company or an overseas company, copies of documents must be certified and signed by professionals approved by the SFC, such as practicing lawyers, practicing accountants, notaries public, etc., and provide copies of their practicing licenses.
After the documents are prepared, you need to fill in 4 relevant forms. The form filling guide can be found on Shengli Securities' official website"Customer Service" - "Frequently Asked Questions" - "Account Opening Guide" - "How to Open a Corporate Account"Search.
After completing the following, you can open a company account through the following two methods:
(i) Mailing: After the forms and documents required for account opening have been verified and signed, they can be mailed to Victory Securities’ Hong Kong office. If all the documents are complete, it will take about 2 to 3 days for review, and the account can be opened after the review is correct.
(ii) In person: The director himself or the authorized signatory in the minutes of the meeting must bring the original or certified copy of the required documents to Victory’s Hong Kong office in person to fill in and sign the form. If all the documents are complete, it will take about 2 to 3 days for review. After the review is completed, the account can be opened.
After completing the securities account opening, whether it is a personal account or a company account, go to the Victory Securities official website"Customer Service" - "Frequently Asked Questions" - "Account Opening Guide" - "How to Create a Virtual Asset VA Account" - Log in to the Customer Area, fill in 4 relevant forms to complete the opening of the virtual asset VA account.
