Pionex established a Hong Kong subsidiary and plans to apply for a virtual asset license in Hong Kong

Pionex has established a Hong Kong subsidiary and will apply for a virtual asset service provider license under the Anti-Money Laundering and Anti-Terrorist Financing (Amendment) Regulations 2022, which will come into effect on June 1, 2023. Meanwhile, Pionex has applied for a Type 1 license under Hong Kong's Securities and Futures Ordinance. After obtaining the license, Pionex will provide compliant and secure trading services in the Hong Kong market. At the same time, according to the laws of the United States, Pionex.us has been qualified to conduct business in 40 states of the United States, registered MSB in Fincen, and holds an MTL license. Pionex's US subsidiary has also registered as an investment advisor regulated by the US SEC, and has submitted an application to the SEC for registration as a securities broker-dealer.