Journalist Colin Wu (Colin Wu) reports that the exchange will not provide services to users from 34 countries, including Russia, Iran, Eritrea and North Korea. All of these countries are on the sanctions list of local regulators.
The company itself said it will not restrict access to citizens of the US, Japan, China if they live in countries where digital assets are not restricted. Such users will need to confirm their location address and local phone number.
Wu said that JPMorgan Chase Asia will be Hashkey’s partner bank for depositing and withdrawing funds in the official currency. In the future, the exchange will collaborate with ZA BANK.
The day before, HashKey Exchange announced that it had received updated Type 1 and Type 7 licenses from the Hong Kong regulator. The company became the first licensed trading platform in the region to offer retail services.
On June 1, Hong Kong introduced a new licensing regime for virtual asset service providers (VASPs) that allowed local users to trade cryptocurrencies.
Recently, Hong Kong’s largest bank HSBC agreed to allow its customers to buy and sell units of bitcoin and ether exchange-traded funds on the local exchange.