PANews reported on August 29 that according to Caixin reports, even if "Hong Kong drifters" from the mainland have not obtained Hong Kong permanent resident status, as long as they have obtained a Hong Kong resident identity card, they can provide proof of address of their permanent residence in Hong Kong and Hong Kong bank account information. You are eligible to open an account at HashKey Exchange. The platform will conduct IP address and VPN detection on users. For example, if a compliant user holding a Hong Kong permanent identity card conducts transactions in mainland China, the user will be changed to monitored status after being locked by network detection. Hashkey currently has hundreds of thousands of pre-registered users, and it is expected to officially provide trading services to retail investors who have completed registration in September; the target number of registered users (including local and overseas Hong Kong) will reach 500,000-1 million in 2023; the number of users will reach 500,000 by the end of 2025 10-15 million people.

There are currently four cooperative banks that can provide this service, namely a Hong Kong note-issuing bank, two Chinese banks operating in Hong Kong, and the virtual bank Zhongan Bank; 98% of the digital assets on the platform are stored in independent cold storage In the wallet system, only 2% is stored in hot wallets; KPMG, PwC, and Ernst & Young respectively conducted external independent audits, group internal audits, and code audits for HashKey Exchange; the exchange cooperated with ON Insurance (Aon Insurance) to conduct User assets are underwritten, and 50% of cold wallet assets and 100% of hot wallet assets will be protected. The insured amount in the first phase is around US$500 million.