Following the Hong Kong Securities and Futures Commission (SFC) publication of proposed guidelines inviting licensed platforms to serve retail customers, we’re writing to inform you of the measures we are taking to operate compliantly and responsibly.
Under the supervision of the Hong Kong government, hi is preparing to be registered as a licensed Virtual Asset Trading Platform.
As such, ahead of 1st June:
- hi is segregating client assets in Hong Kong through an escrow arrangement, in adherence to all safety and cybersecurity standards
- hi is launching a dedicated platform, operating independently under Hong Kong servers to service Hong Kong customers
By undertaking these pre-registration activities in line with the Hong Kong Securities and Futures Commission (SFC)’s requirements, we are taking a key step in our application to register as a licensed provider with the SFC.
Explore HKX.hi.com now
FAQs
We understand that members may have questions about the new changes. We’ve prepared a comprehensive set of answers to FAQs at our Help Center.
FAQs
Will I need to create a new hi account?
Nope, under the new regulations, all you’ll need to do is transfer your assets over, which will take no longer than three minutes
Am I subject to any additional fees under the new regime?
No additional fees at all
We look forward to continuing our work with regulators and partners in our industry to build trust in this new financial frontier and unlock the ultimate promise of crypto.
Regards,
The hi Team
hi is proud to be a part of @web3harbour – a membership network of stakeholders from across industry sectors who are committed long-term to the sustainable and equitable development of a decentralised internet