Hex Trust has obtained a second VASP licence from Dubai's VARA, enabling it to offer broker-dealer, management and investment services, including regulated staking.
Crypto firms see merit in HK's 'safety first' approach despite exits. 'Deemed licensed' platforms spur optimism, but some doubt viability under restrictive rules in small market. Lawmaker warns 'overly harsh' regulations shake industry confidence.
Hex Trust targets profitability, funding in 2024 as crypto rebounds. After 2023 cuts, CEO says firm expects profits, plans new funding round to capitalize on virtual asset revival.
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