The Hong Kong Virtual Asset Exchange (HKVAX) has become the third cryptocurrency exchange to receive a license from the Securities and Futures Commission (SFC) of the Hong Kong Special Administrative Region to serve retail customers, and the third exchange in Hong Kong to receive a full license. HKVAX has obtained Category 1 (securities trading) and Category 7 (automated trading services) virtual asset trading platform (VATP) licenses, as well as anti-money laundering and anti-terrorist financing licenses, to operate virtual asset trading platforms.