Hong Kong-based crypto agency HashKey has launched a brand new initiative to fee cryptocurrencies and exchanges in a bid to reinforce market transparency and compliance.
Cryptocurrency buying and selling group HashKey has unveiled a brand new initiative to fee cryptocurrencies and crypto exchanges in Hong Kong to assist the native crypto companies align with regulatory framework for digital belongings, issued by the Securities and Futures Fee.
In an X submit on Thursday, March 27, HashKey stated it partnered with the Hong Kong Digital Asset Ranking Firm, which is able to present three key providers: digital asset rankings, alternate rankings, and digital asset indices.
In response to HashKey, the initiative goals to construct an “trade analysis ecosystem” providing “goal quantitative requirements” for each exchanges and buyers. The purpose is to strengthen market transparency and create compliance benchmarks, which, in flip, may assist solidify Hong Kong’s function as a worldwide digital asset hub. Per HashKey, the rankings would offer threat indicators to assist buyers make extra knowledgeable selections.
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Earlier in February, Hong Kong’s Securities and Futures Fee proposed growing its workers, with a specific deal with monitoring digital asset buying and selling platforms, bettering market surveillance, and ramping up enforcement. In its price range plan for the 2025–26 monetary yr, the SFC is looking for 15 new hires, eight of whom shall be devoted to digital asset regulation.
HashKey secured a $30 million funding from Beijing-based Gaorong Ventures, which valued the corporate at $1.5 billion. The funding got here shortly after HashKey Capital, the group’s funding arm, obtained approval from the SFC to handle crypto funding merchandise for high-net-worth purchasers.
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