by aria-ratings.com
February 16, 2026 at 17:16
Regulator Approves First Major Crypto License in Hong Kong Since June
Hong Kong's Securities and Futures Commission (SFC) has taken a significant step by granting a crypto license to Victory Fintech.
This marks the first approval for a crypto company since June 17 of the previous year.
Victory Fintech is linked to the publicly listed financial services firm, Victory Securities.
The SFC's registry now lists 12 licensed crypto firms, with Victory being the latest addition.
Previously, Hashkey Exchange and OSL Digital Securities were the first platforms to receive approval under Hong Kong's stringent regulatory framework introduced in 2023.
This regulatory regime is recognized as one of the toughest among global financial jurisdictions.
In fact, notable exchanges like OKX and Bybit withdrew their licensing applications due to these rigorous requirements.
The approval of Victory Fintech signifies a cautious yet progressive stance by authorities in fostering crypto innovation.
As the landscape evolves, interested stakeholders will be keen to see how this impacts both local and international crypto activities.
The regulatory environment in Hong Kong continues to shape the future of cryptocurrency operations in the region.
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