The official website of the Hong Kong Securities and Futures Commission updated the application information for the virtual asset trading platform license today, showing that BX SERVICES LIMITED, a subsidiary of the Hong Kong crypto exchange HKVAEX, has officially submitted an application for a virtual asset trading platform license to the Hong Kong Securities and Futures Commission on January 1. The company does not have a Chinese name yet. So far, there are 4 companies that have officially applied to the Hong Kong Securities and Futures Commission for a virtual asset trading platform license.
According to the South China Morning Post, people familiar with the matter said that HKVAEX was established by Binance to obtain a crypto business license in Hong Kong. The website of the HKVAEX exchange shows that it is using Binance servers to obtain content. The shared codes of the two companies are similar, and the terms of use have almost the same template, which indicates that the two companies may also share legal resources. However, a Binance spokesperson later stated that HKVAEX is not a subsidiary of the Binance Group.
