Hong Kong licenses 4 more crypto exchanges amid bitcoin price surge

The approvals bring the total number of licenced virtual asset firms to seven, as Hong Kong moves to revive its crypto industry

People stand next to bitcoin ATMs outside a cryptocurrency exchange in Hong Kong on November 14. Photo: AFP
Hong Kong’s securities regulator has granted approval to four new cryptocurrency exchanges to operate in the city, giving the industry a boost amid a surge in the price of bitcoin this month.
Accumulus GBA Technology (Hong Kong), DFX Labs, Hong Kong Digital Asset EX, and Thousand Whales Technology (BVI) have obtained virtual asset trading platform (VATP) licences as of Thursday, according to an updated list published by the Securities and Futures Commission (SFC).
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