A subsidiary of Greenland Holdings is making use of for a digital asset buying and selling license in Hong Kong, the South China Morning Publish reported. It’s the first Chinese language state-owned firm to take action.

Greenland Monetary Expertise Group CEO James Geng Jing advised the Hong Kong newspaper {that a} new firm devoted to digital asset buying and selling can be established and can apply for a license in Hong Kong. Digital Asset Buying and selling Platforms will want a license to function or commerce in that area underneath Securities and Futures Fee (SFC) guidelines that go into impact June 1.

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