Hong Kong-based Crypto Agency Hashkey has launched a brand new initiative to guage cryptocurrency and exchanges to reinforce market transparency and compliance.
Cryptocurrency Buying and selling Group Hashkey introduced a brand new initiative to guage cryptocurrency and crypto exchanges in Hong Kong, serving to native crypto corporations align with the regulatory framework for digital belongings issued by the Securities and Futures Fee.
In an X submit on Thursday, March twenty seventh, Hashkey mentioned it has partnered with a Hong Kong digital asset valuation firm that gives three key companies: Digital Asset Scores, Change Scores and Digital Asset Indices.
In line with Hashkey, the initiative goals to create an “industrial valuation ecosystem” that gives “goal quantitative requirements” for each exchanges and traders. The purpose is to reinforce market transparency and create compliance benchmarks. This might assist strengthen Hong Kong’s function as a worldwide digital asset hub. For every hash key, the score gives danger metrics to assist traders make extra knowledgeable choices.
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In early February, Hong Kong’s Securities and Futures Fee proposed a rise in employees with a particular deal with surveillance of digital asset buying and selling platforms, bettering market surveillance and strengthening enforcement. With its funds plan for the 2025-26 fiscal yr, SFC is in search of 15 new hires, eight of which is able to deal with digital asset rules.
Hashkey secured a $30 million funding from Beijing-based Gaorong Ventures, valued the corporate at $1.5 billion. The funding got here shortly after the group’s funding arm, Hashkey Capital, was permitted by SFC to handle crypto funding merchandise for rich shoppers.
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