DFX Labs receives Hong Kong Anti-Money Laundering License, one step closer to obtaining full cryptocurrency operating license

BlockBeats news, on June 25, according to cointelegraph, Hong Kong cryptocurrency trading platform DFX Labs has passed the Anti-Money Laundering and Anti-Terrorist Financing Ordinance (AMLO) review of the Hong Kong Securities and Futures Commission (SFC) and obtained the "deemed licensed" qualification for virtual asset services. Although it has not yet been approved for trading, DFX Labs has been deemed to be able to provide virtual asset services. According to records published by the SFC, DFX Labs applied for a Hong Kong cryptocurrency license on December 27, 2023 and was deemed to be licensed on June 1, 2024. However, the SFC has not yet officially granted DFX Labs a license, and its application is still under review.

Recently, the Hong Kong Economic and Trade Office, Invest Hong Kong and the startup support agency StartmeupHK jointly held an event in Toronto to attract Canadian cryptocurrency and Web3 startups to develop in Hong Kong. The Hong Kong government emphasizes its startup-friendly regulations and lower tax policies in the hope of attracting global startups.