PANews, February 16 — According to the Hong Kong Securities and Futures Commission’s official website update today, Victory Digital Technology Co., Ltd. (Victory Fintech Company Limited) has obtained a license to operate a virtual asset trading platform for its digital asset trading platform VDX. The organization is authorized to conduct regulated activities including Type 1 (securities trading) and Type 7 (automated trading services). Additionally, its subsidiary VDX Custody Limited has been licensed under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance to provide digital asset custody services. As of now, the number of licensed virtual asset trading platforms in Hong Kong has increased to 12.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Kalshi onboards ex-Democratic strategist amid legal troubles
Kalshi announced the hiring of Stephanie Cutter, a former advisor to President Obama, to strengthen its relationships in Washington, D.C. amid scrutiny and lawsuits regarding its prediction markets.
Cointelegraph33m ago
Trump’s empty crypto adviser seat, Vance takes on an anti-fraud role
The White House no longer has a dedicated crypto policy leader following Trump's appointment of JD Vance as "Fraud Czar." This shift comes after David Sacks's departure, leaving crypto legislation stalled. The focus on fraud enforcement contrasts with the lack of crypto policy leadership during a crucial legislative period.
TapChiBitcoin4h ago
Cambodia’s National Assembly passes anti–telecom fraud law; crypto scams can carry life imprisonment at most
Cambodia’s National Assembly unanimously passed a new law to crack down on cyber scams that use crypto assets, with a maximum penalty of life imprisonment. The bill will be reviewed by the Senate and approved by the King. The core leaders of scam syndicates face severe penalties; analysis suggests this may only shift the crimes, and that coordinated efforts are needed to target corruption and money-laundering networks as well.
GateNews5h ago
Will South Korea’s People Power Party overturn the crypto tax, and can the June election reverse the poll slump?
The People Power Party of South Korea has introduced a new bill, calling for the repeal of the cryptocurrency trading tax that is set to take effect in 2027, aiming to win support from younger voters and affect the value of votes. Analysts believe it may simply be a political strategy, and the actual impact is unclear; in the future, the bill could be postponed or amended again.
GateNews8h ago
IMF Warns: Four Key Risks or Shocks of Tokenized Finance Could Hit the Global Financial System
The International Monetary Fund (IMF) report warns that tokenized finance poses four major risks, including exacerbating market fragmentation, increasing financial stability risks, conflicts in cross-border settlement, and challenges for emerging economies. The IMF recommends implementing policies such as secure money anchoring and unified regulation to address these risks, and notes that the tokenized finance market is growing rapidly.
GateNews8h ago
X cracks down on crypto scams: the first token issuance locks the account, and identity verification mechanisms are fully upgraded
Social platform X is rolling out a new risk-control mechanism to combat scams that promote fake tokens after accounts are taken over. The system will automatically detect abnormal behavior and require identity verification to reduce the spread of scams. However, this measure has sparked controversy because it may mistakenly flag legitimate users. This initiative shows that social platforms are shifting roles in the crypto ecosystem, and it needs to strike a balance between security and openness.
GateNews10h ago
