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US-based crypto exchange BitMart announced that its local subsidiary has successfully obtained a Trust or Company Service Provider (TCSP) license from the Hong Kong Companies Registry. This license enables the company to provide digital asset custody services and other related activities within the jurisdiction.
BitMart’s Operations in Hong Kong
With this approval, BitMart is focused on building a compliant, licensed platform in line with Hong Kong’s regulatory framework for Virtual Asset Trading Platforms (VATP). The platform adheres to Hong Kong’s Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) obligations to ensure secure and reliable transactions.
Hong Kong has been actively approving licenses for crypto firms as part of its effort to become a global hub for crypto-related activities. Recently, the Securities and Futures Commission (SFC) granted a license to Bullish, a leading virtual asset trading platform. The SFC has also laid out a roadmap to attract international platforms, order flows, and liquidity providers. Hong Kong continues to welcome major virtual asset platforms, working to reduce barriers for institutional liquidity providers and facilitating connections with local platforms.
Additionally, the APAC region has confirmed that foreign nationals can now use their crypto holdings, such as Bitcoin and Ether, as proof of funds for the New Capital Investment Entrant Scheme visa, part of its broader crypto-friendly ambitions.
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