Hong Kong Expands Crypto Licensing Regime with Bixin-Backed NewBX Approval

Hong Kong's Securities and Futures Commission (SFC) has granted its 13th virtual asset trading platform license to NewBX Limited, operator of the Bixin exchange. The authorization covers regulated activities under Type 1 (securities dealing) and Type 7 (automated trading services), while also complying with the city's Anti-Money Laundering and Counter-Terrorist Financing Ordinance.

NewBX, a subsidiary of China-rooted Bixin Group, began as HaoBTC in 2014 before rebranding and expanding into mining, custody, and venture capital. The firm applied for its VATP license in January 2024 and operated under transitional approval until this week's formal designation.

The approval reinforces Hong Kong's measured approach to crypto regulation, balancing innovation with compliance. Market observers note the licensing framework is attracting established Asian operators while maintaining rigorous oversight.