Guotai Junan International Gets Virtual Asset License, Boosts HK Crypto

Guotai Junan International Gets Virtual Asset License, Boosts HK Crypto

On June 25, Wu Blockchain shared that Hong Kong licensed exchange OSL saw its share price rise 18% to HK$14.6. Guotai Junan International made history by becoming the first Chinese mainland brokerage in the region to secure approval for virtual asset trading services. Its subsidiary, Guotai Junan Securities (Hong Kong), received an upgraded Type 1 license. This change lets the firm offer access to Bitcoin, Ethereum, and stablecoins through appro…

Hong Kong Approves First Broker to Buy and Sell Crypto

According to the information, the milestone approval was granted by the Hong Kong Securities and Futures Commission (SFC) on Tuesday. It upgrades the firm’s existing Type 1 license, which allows dealing in securities, to now include the provision of crypto trading services under an omnibus account arrangement with SFC-licensed virtual asset platforms. This regulatory green light enables Guotai Junan Securities’ clients to trade leading digital a…