DFX Labs clears Hong Kong’s AML requirement for crypto license

While not yet permitted to trade, DFX Labs is deemed licensed for virtual asset services by the Securities and Futures Commission of Hong Kong.

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Hong Kong-based crypto trading platform DFX Labs has come closer to attaining a full operational license in the region after bagging an Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) clearance.

Public records maintained by the Securities and Futures Commission (SFC) of Hong Kong show that DFX Labs is “deemed to be licensed for providing the virtual asset service.”

However, while DFX Labs holds an active AMLO license, the platform is not yet permitted to offer crypto trading services. The record stated:

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