Hong Kong's LianLian Digital Subsidiary Secures VATP License

According to Odaily, Hong Kong-listed company LianLian Digital has announced that its wholly-owned subsidiary, DFX Labs Company Limited, has received a set of licenses from the Hong Kong Securities and Futures Commission (SFC) under the Virtual Asset Trading Platform (VATP) licensing regime. The VATP license permits DFX Labs to conduct regulated activities under Type 1 (dealing in securities) and Type 7 (providing automated trading services) as per the Securities and Futures Ordinance. Additionally, the license allows the establishment and operation of a compliant VATP in Hong Kong in accordance with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. This development marks a significant step for LianLian Digital in expanding its operations within the virtual asset trading sector, aligning with regulatory standards set by Hong Kong authorities.