Hong Kong’s Securities and Futures Commission (SFC) has granted a virtual asset trading platform licence to NewBX Limited, the entity behind crypto exchange Bixin, bringing the number of officially licensed platforms in the city to 13.

The licence authorises NewBX to conduct regulated activities under Type 1 (dealing in securities) and Type 7 (providing automated trading services). It also covers operation of a virtual asset exchange under Hong Kong’s Anti-Money Laundering and Counter-Terrorist Financing Ordinance – the dual-licensing structure that all platforms operating in the city must now satisfy.

NewBX is a Hong Kong-registered subsidiary of Bixin Group, a crypto conglomerate with Chinese roots that traces its history back…