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Bitcoin Universe: Application for license to operate virtual asset trading platform accepted

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2024-05-22 10:08:12
08645.HK announced that on May 17, 2023, the Securities and Futures Commission of Hong Kong has accepted Bitcoin World Technology Limited, a wholly-owned subsidiary of the Group, to submit applications for licences to conduct Type 1 (securities trading) and Type 7 (provision of automated trading services) regulated activities.
In view of the rapid development of virtual assets globally and in Hong Kong in recent years, the Board considers that, subject to obtaining the required regulatory approvals, the operation of a virtual asset trading platform by Bitcoin World is in line with the Group's strategy of providing more diversified services to investors and will create opportunities for synergy effects between the Group's various business lines, thereby opening up new revenue streams for the Group.
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