Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
MC Group Expands Into Regulated Crypto Trading with Enhanced SFC License

MC Group Expands Into Regulated Crypto Trading with Enhanced SFC License

DeFi PlanetDeFi Planet2025/05/17 05:44
By:DeFi Planet

Magic Compass Group (MC Group) has secured an important regulatory upgrade from Hong Kong’s Securities and Futures Commission (SFC), expanding its Type 1 license to cover virtual asset trading. This move officially places the firm in the growing crypto space, aligning with Hong Kong’s broader push to become a global hub for digital assets.

Magic Compass Group (MC Group) has secured an important regulatory upgrade from Hong Kong’s Securities and Futures Commission (SFC), expanding its Type 1 license to cover virtual asset trading. This move officially places the firm in the growing crypto space, aligning with Hong Kong’s broader push to become a global hub for digital assets.

Under the terms of the enhancement, MC Group can now offer virtual asset dealing services to clients already engaged in traditional securities trading. The offering will be facilitated through omnibus accounts maintained with SFC-licensed virtual asset trading platforms, ensuring compliance with local laws and regulatory protections.

MC Group Expands Into Regulated Crypto Trading with Enhanced SFC License image 0 MC Group Expands Into Regulated Crypto. Source: AI Generated.

This license enhancement allows MC Group’s clients to trade tokenized versions of real-world financial instruments—such as equities, bonds, and structured products—within a regulated framework. Additionally, clients will have access to cross-margining capabilities, which enable using traditional portfolios as collateral when taking positions in digital assets, creating more flexibility in capital deployment.

MC Group has committed to strict adherence to regulatory standards under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), including segregation of client assets, cybersecurity protocols, and regular independent audits. The firm will also implement real-time proof-of-reserve mechanisms using Merkle Tree verification to promote transparency and bolster client trust.

By enhancing its license and entering the regulated crypto market, MC Group positions itself as a trusted and compliant partner for institutions and sophisticated investors exploring virtual assets. This expansion supports a growing demand for secure, transparent, and efficient access to digital asset markets in Asia’s premier financial centre.

This license expansion comes as Hong Kong’s financial regulators support the crypto industry by expanding license options. On April 7, the SFC announced that licensed crypto firms can offer staking services under strict guidelines to protect investors and promote transparency. Staking allows customers to earn yields by locking up their assets, using a proof-of-stake consensus mechanism to generate and distribute returns.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter , LinkedIn , Facebook , Instagram , and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!

Bitget Announcement2025/09/12 07:46

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

New spot margin trading pair — LINEA/USDT!

Bitget Announcement2025/09/11 10:04