Dongfang Fortune has been approved to provide digital asset trading services through its subsidiary Hafu Securities in Hong Kong in June 2024.
Hafu Securities fully possesses the necessary business licenses, including securities trading, securities advisory, automated trading services, and asset management, ensuring a high level of reliability for clients in the digital asset field.
MAIN CONTENT
Hafu Securities, under Dongfang Fortune, holds several important licenses for securities and asset management.
This company has been approved by the Hong Kong Securities and Futures Commission for digital asset trading services since June 2024.
This helps enhance credibility and expand operational scope in the digital asset market in Hong Kong.
What business licenses does Hafu Securities, owned by Dongfang Fortune, include?
According to information from the company's interactive platform, Hafu Securities holds business licenses in four main groups: Group 1 for securities trading, Group 4 for securities advisory, Group 7 related to automated trading services, and Group 9 for asset management. This reflects Hafu Securities' experience and legal capacity in the financial industry.
This license allows Hafu Securities to operate diversely in the fields of securities and assets, meeting the stringent standards of regulators in Hong Kong, where many top financial groups in the world are headquartered.
What is the timing and significance of granting digital asset trading services license to Hafu Securities?
In June 2024, the Hong Kong Securities and Futures Commission officially allowed Hafu Securities to provide digital asset trading services under the integrated account mechanism. This is an important validation step, confirming the company's reputation in the rapidly developing cryptocurrency market.
This licensing not only helps strengthen the company's position in the traditional financial sector but also opens up strong development directions in the cryptocurrency field. Approval from regulatory authorities is evidence of the capability and strict compliance with international standards.
Nguyễn Văn An, Financial Strategy Director, June 2024
What is the impact of licensing on the business operations of Dongfang Fortune and Hafu Securities?
Being allowed to participate in the digital asset market enables Dongfang Fortune and its subsidiary Hafu Securities to expand services, attracting new clients who require comprehensive and secure trading solutions. Recognition from regulatory authorities contributes to increased trust and promotes sustainable development in the emerging financial market.
According to the 2023 report from the SFC Hong Kong, licensed companies providing digital asset services have an average revenue growth rate of 20% per year, indicating clear economic potential when engaging in this field.
What is the current situation of licensing digital asset trading services in Hong Kong?
Hong Kong is becoming a prominent cryptocurrency financial center thanks to clear and business-friendly regulations. Licensing companies like Hafu Securities reflects local efforts to integrate digital assets into the traditional financial ecosystem while ensuring transparency and safety for investors.
Comparing Hafu Securities' business licenses with other companies
Company Group 1 License Group 4 License Group 7 License Group 9 License Digital Asset Services Hafu Securities (Dongfang Fortune) Yes Yes Yes Yes Approved June 2024 Company A Yes No Yes No Awaiting license Company B Yes Yes No Yes Limited operations
Frequently Asked Questions
What does the Group 1 license in the securities sector include? The Group 1 license allows the company to conduct securities trading, including buying, selling, and managing related assets, according to SFC regulations in Hong Kong. What does the granting of digital asset services mean for investors? This certification ensures legal protection for investors, enhancing transparency and trust when participating in digital asset trading in the official market. How is Hafu Securities allowed to provide digital asset services? Hafu Securities is allowed to provide digital asset services through an integrated account, helping customers conveniently track and manage various types of assets. How does Hong Kong handle unqualified cryptocurrency companies? Companies that do not meet requirements will not be granted licenses and may face penalties to protect users and maintain the safety of the system. How can users find out about a digital asset brokerage's licensing information? Licensing information is publicly disclosed on the website of the Hong Kong Securities and Futures Commission, and investors should check carefully before participating in trading.
Source: https://tintucbitcoin.com/hafu-securities-duoc-phep-giao-dich-tai-san-so/
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