Hong Kong-listed company Bit Metaverse's subsidiary Bitcoin World receives approval for virtual asset trading platform license application
PANews reported on May 23 that according to aastocks, Bitcoin Metaverse (08645.HK) announced that the Hong Kong Securities and Futures Commission has accepted the license application submitted by its wholly-owned subsidiary, Bitcoin World Technology Limited, for conducting Type 1 (dealing in securities) and Type 7 (providing automated trading services) regulated activities. The Group's board of directors believes that, subject to obtaining the necessary regulatory approvals, the operation of a virtual asset trading platform by Bitcoin World aligns with the Group's strategy to provide more diversified services to investors and will also create opportunities for synergy among the Group's various business lines, thereby opening up new revenue streams for the Group.
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