ChainCatcher news, Brainwave Crypto announces its entry into the Hong Kong market, planning to apply for a license in Hong Kong with the goal of providing cryptocurrency trading services to Hong Kong customers.Brainwave Crypto launched its cryptocurrency exchange in Singapore in 2024, and its Hong Kong CEO, Paredes, stated that the new cryptocurrency policy in Hong Kong is quite welcoming and that there is a strong sensitivity to the risks of digital assets.

ChainCatcher news, according to the South China Morning Post, informed sources revealed that the Hong Kong cryptocurrency exchange HKVAEX plans to apply for a license in Hong Kong. The sources stated that HKVAEX was established by Binance to obtain a cryptocurrency business license in Hong Kong. The HKVAEX exchange's website shows that it is using Binance servers to obtain content, and there are similarities in the shared code of the two companies, with the terms of use having almost identical templates, indicating that the two companies may also share legal resources.In response to questions about its relationship with Binance, HKVAEX stated in an email, "HKVAEX is an independent virtual asset trading platform headquartered in Hong Kong, operated by a technical team from the financial services industry and experienced professionals, and is currently preparing to apply for the 'SFC Virtual Asset Trading Platform' license."In this regard, a Binance spokesperson stated that HKVAEX does not belong to the Binance Group.

ChainCatcher According to the South China Morning Post, since the new virtual asset regulations in Hong Kong took effect on June 1, in addition to two licensed cryptocurrency trading platforms (OSL Digital Securities Limited and Hash Blockchain Limited), another four companies have applied for licenses.Regulators stated that these four companies are HKVAX, HKBitEx, Hong Kong BGE Limited, and Victory Securities.

ChainCatcher news, according to Bloomberg, Block.one's cryptocurrency exchange Bullish CEO Tom Farley stated that as part of its international expansion efforts, the exchange plans to apply for a license in Hong Kong. Farley revealed that Hong Kong is Bullish's largest office, with the company having 260 employees worldwide, of which 110 are in Hong Kong, about 75 in the United States, 40 in Singapore, and several more in Gibraltar.

ChainCatcher news, according to the Bangkok Post, South Korea's digital bank KakaoBank has partnered with Thailand's fintech group, SCB X, a subsidiary of Siam Commercial Bank, to form a consortium to apply for a virtual banking license from the Bank of Thailand. SCB X plans to hold the majority of the shares, with KakaoBank holding at least 20%. The consortium aims to attract more partners to join the alliance.In addition, Sittipong Kittiprapapong, General Manager of Global Merchant Cooperation at Ant Group Thailand, stated that Alipay+ will collaborate with 10 overseas mobile wallets and plans to apply for a license from the Bank of Thailand. These 10 digital wallet providers are from Asia and Europe. (source link)