🥳CONTINUOUS PROGRESS🥳
📢As of September 25, we received a notification from the Companies Registry that our company has officially been licensed as a trust or company service provider (#TCSP).
📄According to the Guidelines for Virtual Asset Trading Platform Operators, as stipulated in section 10.1, a Platform Operator should only hold client #assets on #trust for its clients through its #AssociatedEntity. Any virtual asset trading platform that wishes to carry on a trust or company service business related to virtual assets has to apply for a #TCSPlicence. We recognize that this approach enables the trading platform to operate under a licensed state, work independently, and be subject to #supervision in the core function of asset custody, thus better #safeguarding the #security of investors’ assets.
🩷We would like to express our gratitude to the regulatory #authorities for their trust and to our users for their attention and support. We will continue to gain a deeper understanding of our business, embrace #regulatoryrequirements, and work towards the healthy growth of the industry by providing long-term, stable, #compliant, and efficient services.
#Accumulus #TCSP #HKcompaniesRegistry #SFC #Announcement #Crypto #HKlicense
🎉🎉🎉CONTINUOUS PROGRESS🎉🎉🎉
As of September 25, we received a notification from the Companies Registry that our company has officially been licensed as a trust or company service provider (#TCSP).
🏛️According to the Guidelines for Virtual Asset Trading Platform Operators, as stipulated in section 10.1, a Platform Operator should only hold client assets on trust for its clients through its Associated Entity. Any #virtualasset #tradingplatform that wishes to carry on a trust or company service business related to virtual assets has to apply for a TCSP #license.
✊We recognize that this approach enables the trading platform to operate under a licensed state, work independently, and be subject to supervision in the core function of asset custody, thus better safeguarding the security of investors’ assets.
💡We would like to express our gratitude to the regulatory authorities for their trust and to our users for their attention and support.
💗We will continue to gain a deeper understanding of our business, embrace regulatory requirements, and work towards the healthy growth of the industry by providing long-term, #stable, #compliant, and #efficient services.
#Accumulus #HongKong #SFC #TCSP #longterm