DFX Labs meets anti-money laundering requirements for Hong Kong crypto license, but has not yet been formally approved to provide crypto trading serv

Hong Kong cryptocurrency trading platform DFX Labs is one step closer to obtaining a comprehensive operating license in the Hong Kong region after obtaining a license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). According to public records of the Securities and Futures Commission (SFC) of Hong Kong, DFX Labs "is considered to have obtained a license to provide virtual asset services". However, despite holding a valid AMLO license, DFX Labs' cryptocurrency trading services have not yet been officially approved. SFC's records clearly state: "The applicant is only considered to have been approved to provide virtual asset services. SFC has not granted a license to the applicant under AMLO. Its license application is still pending."