Hong Kong licensed virtual asset exchange HashKey Exchange has announced its KYC requirements for account opening. The first step is identity authentication, where users need to provide identity documents (passport, ID card, etc.) and proof of address within the last three months (bank statements, utility bills, etc.). The second step is an ability assessment, where users need to complete an investment experience questionnaire and a virtual currency knowledge test. The third step is bank transfer, where Hong Kong bank accounts can transfer funds in real-time to HashKey Exchange. The minimum amount for a single transaction should be no less than 10,000 Hong Kong dollars or the equivalent in US dollars (recommended 1,500 US dollars) to complete identity verification.

According to the HashKey website, its platform token HSK is expected to be used as a tool to incentivize contributors within the HashKey ecosystem, in order to "drive the growth of the entire ecosystem." As per the whitepaper, HashKey plans to issue a total of 1 billion HSK tokens, with 65% allocated for ecosystem growth, 30% for employee incentives, and 5% for company reserves. HashKey's COO, Livio Weng, also stated that the exchange plans to list HSK, but this may not happen until mid-next year. Additionally, Weng stated that HashKey is exploring the securitization of real-world assets (RWA) as a practical reality. "RWA is becoming an important force for compliant exchanges," Weng said, "If you want to pursue 'effective RWA,' you must do so through licensed exchanges." Weng explained that HashKey has obtained a license to issue and trade security tokens in Hong Kong, and is "exploring two important RWA use cases that could have a huge impact on the market." "We are currently in talks with the Hong Kong Securities and Futures Commission (about RWA use cases)," Weng said, adding that the talks with the Commission are in the "latter stages." (The Block)

1.Suspected BIGTIME market maker address transferred 14.85 million tokens, which have since been transferred to Coinbase2.Cumberland deposits 12,000 ETH to OKX and Coinbase3.Sui opens Quest 3 with a total prize pool of 5 million SUIs.4.Surf Protocol completes $3 million financing, led by ABCDE Capital5.The Monetary Authority of Singapore cooperates with Japanese, Swiss and UK regulators to promote digital asset innovation6.HashKey will soon issue platform token HSK7.Saudi NEOM investment fund plans to invest $50 million in Animoca Brands

HashKey Exchange announced that it plans to launch the ERC-20 format platform coin HSK on November 1st at 11:11.

According to Ben El-Baz, the ecological director of HashKey Group, who spoke at the "HK Web3 Evolution" event jointly hosted by Neo, Hong Kong Cyberport, Web3 Labs, and the Hong Kong Investment Promotion Agency, Starting in 2023, the exchange industry will enter the third stage, with the first two stages being 2010-2015 and 2016-2022 (FTX's collapse marks the end of the second stage). The main goal of the third-stage exchanges is to safely and smoothly handle huge volumes of users, and determine the boundaries of user risk. The true potential of asset digitization is to make everything tradable, not just cryptocurrency assets, but also real-world assets and physical commodities.

Huang Luyao, the sales director of HashKey's institutional clients (Hong Kong), commented on the JPEX incident, stating that although the company did not list the withdrawal fee in the user registration terms, it was still publicly listed on the website. She also pointed out that, like many traditional financial institutions, the company needs to comply with financial regulations and cannot go too far.

HashKey Exchange has announced the launch of USDT/HKD trading.

October 24th, The Data Nerd monitoring showed that 10 hours ago, an address starting with 0x5ba related to HashKey deposited 680,000 LINK (about $7 million) into Binance. The average purchase price of LINK one year ago was about $6.91 per coin, earning a total of $2.29 million (48%) in realized profits, and still holding 304,000 LINK (about $3.31 million).