Hong Kong VASP Cryptocurrency License
<p>Hong Kong Virtual Asset Service Provider (VASP) and Trading Platform Operator (VATP) License，Regulated by the dual licensing regime of the Hong Kong Securities and Futures Commission (SFC) (covering SFO No. 1、7Class and AMLO license，The practice is collectively referred to as "1+7+VASP")。Since the compulsory licensing system comes into effect in June 2023，Capital threshold for industry entry (5 million paid/3 million quick)、High legal standards have been established in terms of asset custody (AE+TCSP and 98% cold wallet reserve) and external assessment (EAR)。Hong Kong Huitong provides applying entities with coverage of the establishment of Hong Kong corporations.、TCSP trust subsidiary structure construction、Coordination of external evaluation reports、Full case legal agency services for Responsible Officer (RO) eligibility review and SFC administrative inquiry defense。</p>
