PANews reported on March 26 that Alchemy Pay announced the completion of its Hong Kong Securities and Futures Commission (SFC) Type 1 license upgrade with licensed institution HTF Securities, adding virtual asset trading services for professional and retail investors. The Type 4 license upgrade has already been completed, and the Type 9 license upgrade is still underway. The company stated that this move will strengthen its expansion strategy in Hong Kong for fiat currency deposits and withdrawals, stablecoins, and digital assets.
Alchemy Pay completes upgrade of its virtual asset business under Hong Kong SFC Type 1 license.
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