Hong Kong issues first crypto license in 8 months to Victory Fintech

Hong Kong's Securities and Futures Commission (SFC) has approved a cryptocurrency license for Victory Fintech (VDX). According to CoinDesk, this marks the first such approval since June 17, 2023. Hong Kong regulators introduced a regulatory framework for crypto companies in 2023 and have since issued licenses to firms including OSL, HashKey, and HKVAX. A total of 12 platforms have been approved to date.