According to a company statement, Singapore’s central bank has approved an in-principle licence for a local unit of Hong Kong virtual asset manager Hashkey Group. The licence, if granted, will allow the company to provide fund management services in Singapore. This comes after HashKey Group, the crypto arm of Chinese multinational Wanxiang Group, received a $360 million investment commitment for a blockchain fund in January. In September, the group received approval from Hong Kong regulators to manage investment portfolios entirely comprised of cryptocurrency.
