China

China Merchants Bank’s brokerage arm gets virtual asset licence in Hong Kong

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CMB International Securities (CMBI), the brokerage arm of China Merchants Bank, said it received a virtual asset licence from Hong Kong’s Securities and Futures Commission, making it the first mainland broker to conduct cryptocurrency trading services and other activities in the city.The licence, issued on Monday, allowed CMBI to engage in a variety of virtual asset services, including trading, custody and advisory services.
In addition, it can provide guidance on risk management, regulatory...




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Category: China