Investing.com – Hong Kong issued its first cryptocurrency retail license, and Robinhood’s cryptocurrency revenue fell 18% in the second quarter – these and other important news in the cryptocurrency market in our review.
HashKey Exchange has become the first company in Hong Kong to be licensed under the region’s new licensing regime, which allows crypto exchanges to offer retail services. HashKey received type 1 (securities) and 7 (automated trading services) licenses and can now serve retail investors in the region, writes RBC with reference to the message of the company.
Broker platform informed on cryptocurrencies revenue of $31 million in the second quarter of 2023, down 18% from $38 million in the first quarter. Net income for the period was $25 million and earnings per share (EPS) reached $0.03 compared to a net loss of $511 million and earnings per share minus $0.57 in the first quarter of 2023.
Head Michael Saylor stated in interview Bloomberg that his company will remain attractive to investors buying its shares as an indirect investment in (), even if regulators approve applications for any of the spot bitcoin ETFs. The spot bitcoin ETF will support all companies associated with the main cryptocurrency, attracting billions of additional investments from major hedge funds, Saylor said.
Hong Kong’s first official crypto exchange HashKey Exchange will not provide services to users from 34 countries, including Russia, Iran, South Africa and Myanmar, which are on the sanctions list of local regulators, informed journalist Colin Wu, who published a screenshot of the user agreement of the exchange. At the same time, the platform does not restrict access to clients from the USA, Japan, China and a number of other countries, provided that they live in the territory of states where the circulation of digital assets is not limited. They will have to verify their location address and phone number during the verification process.
Bank of Russia August 3 turned on public joint stock company “Moscow Exchange MICEX-RTS” (PJSC “Moscow Exchange”) in the register of operators for the exchange of digital financial assets (DFA). Before being included in the register, the regulator agrees on the rules for the exchange of DFA and confirms the technical possibility of transactions.
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Text prepared by Timur Aliev
2023-08-03 16:13:00
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