Diginex Secures Hong Kong Virtual Asset Advisory License

Diginex Securities Limited received conditional approval from the Hong Kong Securities and Futures Commission to offer virtual asset advisory services, expanding its Type 4 license.

This approval, targeting existing professional investors, strengthens Diginex’s position in virtual asset markets, anticipating trading services launch after system testing.

Diginex Gains License Amid Regulatory Evolutions in Hong Kong

Diginex’s subsidiary secured conditional approval from the Hong Kong Securities and Futures Commission to upgrade their Type 4 license to offer virtual asset advisory services. The approval limits advisory services to current professional investors within their existing clientele.

The approval is expected to bolster Diginex Securities’ offerings and supports their strategic direction in real-world asset tokenization and virtual assets. The Group aims to launch trading operations by February, enhancing connectivity with licensed platforms.

“Market reactions remain muted, given the specialized nature of the advisory approval and the focus on professional investors only.”

Bitcoin’s Current Market Dynamics and Regulatory Impact

Did you know? Hong Kong has progressively tightened cryptocurrency regulations since 2023, and the recent SFC directive aligns with a broader global move towards comprehensive regulatory frameworks.

Bitcoin’s current market position features a price of $94,802.93 with a market cap of $1.89 trillion, dominating the market at 58.99%. Despite a 0.77% daily drop, weekly performance shows a 5% increase. Data sourced from CoinMarketCap indicates significant trading with a 24-hour volume at $33.72 billion, reflecting dynamic market responses.

Insights from Coincu research suggest Hong Kong’s regulatory climate may spur increased institutional engagement within virtual assets. Stricter regulations could potentially drive firms towards compliance-based operations, influencing global regulatory frameworks.