Hong Kong regulator approves first crypto company license since June

4 weeks ago

Hong Kong's Securities and Futures Commission (SFC) granted Victory Fintech a license.

Feb 16, 2026, 5:01 p.m.

Hong Kong's Securities and Futures Commission (SFC) granted a crypto licence to Victory Fintech (VDX), an affiliate entity of publically listed fiscal services steadfast Victory Securities (8540).

Victory won support to run a integer plus trading level connected Friday, according to the SFC's registry of licensed crypto firms, the first summation since June 17 past year.

Hong Kong introduced its existent authorities for the regularisation of companies providing crypto services successful 2023, with Hashkey Exchange and OSL Digital Securities the archetypal 2 parties to person approval.

There are present 12 approved platforms connected the registry, including New York Stock Exchange-listed Bullish (BLSH), which is besides the genitor institution of CoinDesk.

The authorities has earned a estimation for being 1 of the strictest among large fiscal jurisdictions. Prominent exchanges OKX and Bybit some withdrew their applications for licensing successful May 2024.

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U.S. Commodity Futures Trading Commission Chairman Mike Selig (Jesse Hamilton/CoinDesk)

Commodity Futures Trading Commission Chairman Mike Selig fired a ineligible informing changeable defending his agency's jurisdiction implicit the lawsuit declaration space.

What to know:

  • U.S. Commodity Futures Trading Commission Chairman Mike Selig directed his bureau to record an amicus little declaring his national bureau has authorization implicit the U.S. prediction markets.
  • Though the CFTC erstwhile fought a ineligible absorption against specified firms arsenic Polymarket and Kalshi, the bureau has embraced them during the medication of President Donald Trump, whose lad has worked arsenic a paid advisor for the starring companies.
  • As Selig defends his agency's jurisdiction successful court, he's besides pursuing caller prediction markets rules for the U.S.
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