Brokerage Firms' Virtual Asset License Frenzy Continues: TF Securities Hits Daily Limit, Subsidiary Licensed Last Year

1 week ago / Read about 0 minute

Author：小编

Chinese brokerage firms, including TF Securities and Guotai Junan International, have secured virtual asset trading service licenses through their Hong Kong subsidiaries, paving the way for them to engage in the trading of cryptocurrencies, stablecoins, and other digital assets. To date, 41 institutions in Hong Kong have been authorized to offer these services. It is anticipated that additional Chinese brokerage firms will delve into this sector in the near future. However, due to stringent investor suitability criteria, current business volumes remain modest and primarily cater to local high-net-worth individuals in Hong Kong.

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