- To access the market, users can use a branded application
- Purchase of tokens is available via Apple Pay, VISA/Mastercard, P2P or fiat
- The company promises to expand the range of services in the “coming months”
This week, the SFC (Hong Kong Securities and Futures Commission) published a set of rules for CA service providers (VASPs). The regulatory framework will come into force on June 1. At the same time, retail investors will have the opportunity to buy and sell cryptocurrency on approved sites.
Tokens available to this category of traders must meet certain criteria. One of them is listing on at least two hotel platforms.
Staking and cryptocurrency lending are prohibited. However, as well as the promotion of certain tokens. The SFC stressed that a platform admitted to the market must act as an agent, not an issuer.
One such service provider is the OKX exchange. The company announced its interest in the Hong Kong market at the end of March. At the same time, the exchange announced that it would open its representative office in the country.
So, OKX customers in Hong Kong available trading 16 tokens. These are: BTC, ETH, SOL, DOT, UNI, LTC, USDC, USDT and some others. Buying and selling cryptocurrency is carried out in a proprietary application.
You can fund your account in fiat, peer-to-peer P2P, credit card or Apple Pay. Interestingly, Google Pay is not on the list.
OKX also promises to expand the range of available services in the “coming months”. The company emphasized that they act strictly in accordance with the requirements and rules of the SFC.