The cryptocurrency platform HashKey Exchange Business has previously submitted a license application to the Hong Kong Securities Regulatory Commission. It is expected that its application will be approved in the next few weeks and plans to launch the application of the virtual asset trading platform in the short term. It is understood that HashKey "received positive feedback" during the license application period. The company pointed out that obtaining the license is an important milestone in the company's development. According to current regulations, virtual asset platforms are required to purchase insurance and provide 50% protection for "cold wallets" stored offline, and 100% protection for "hot wallets" stored online. As for the cryptocurrencies that can be traded, they must belong to qualified large-scale virtual assets and have been approved by the Hong Kong Securities Regulatory Commission in advance.