Bybit seeks VATP license in Hong Kong for crypto expansion
The cryptocurrency exchange submitted its license application on Jan 31.
Bybit cryptocurrency exchange has applied for a Virtual Asset Trading Operator (VATP) license with the Hong Kong Securities and Exchange Commission (SFC).
According to the SFC’s website, the exchange applied for the license on Jan. 31 through the business entity Spark Fintech Limited. The financial regulator is reviewing 14 similar VATP applications, including submissions from the crypto exchange OKX.
Only two crypto exchanges in Hong Kong are licensed by the SFC, including the OSL exchange, which received a license on Dec. 15, 2020, and HashKey Exchange, which was licensed on Nov. 9, 2022.
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