ChainCatcher news, according to Media-outreach, the encrypted social investment platform Kikitrade announced that it will suspend the provision of flexible savings and locked savings products to Hong Kong users starting from December 30, 2022, in response to the Hong Kong Securities and Futures Commission (SFC) on digital The supervision of assets in the form of tokens will not affect other services of the company.
According to Sean Tao, co-founder and CEO of the company, they are currently communicating with the Hong Kong Securities and Futures Commission to adjust their services, and are working hard to apply for a licensed virtual asset transaction in order to comply with the commitments made to users by applicable laws and regulations when conducting business. platform.
ChainCatcher previously reported that Kikitrade completed a $6 million financing in April this year, led by AppWorks and Media Asia, and participated by Audeo Ventures. (Source link)
