BiyaPay's Response to the "Unlicensed Operations in Hong Kong" Statement

Recently, we have noticed the statement released by the Hong Kong Securities and Futures Commission (SFC). In response, BiyaPay provides the following clarification:

Currently, BiyaPay has not obtained the stock trading license and cryptocurrency trading license in Hong Kong. We strictly adhere to the relevant laws and regulations of the Hong Kong SFC and hereby state: BiyaPay does not provide stock and cryptocurrency trading services to residents of Hong Kong.

At the same time, BiyaPay is steadily advancing its global compliance process. Currently, the company has obtained the New Zealand FSP Financial Services License and has assembled a team in the United States to actively apply for the ​U.S. Broker License​. Additionally, BiyaPay is investing in and acquiring securities and cryptocurrency-related licenses in Hong Kong, while simultaneously pushing forward regulatory applications in multiple regions, including:

• EU MiCA and VASP licenses
• New Zealand FMA license
• Cayman SIBL Securities Investment Business License and Banking License
• U.S. MTL (Money Transmitter License)
• U.S. RIA (Registered Investment Adviser) license

Meanwhile, BiyaPay is also in the process of establishing ​BVI and Cayman Funds​, and accelerating the development of BIYA Chain to promote on-chain trading of U.S. stocks. By continuously improving our licensing structure and asset management capabilities, BiyaPay is committed to building a more robust and transparent global compliance system.

In the next 2-3 years, compliance development will be BiyaPay’s primary strategic focus. We remain steadfast in our commitment to the principle of user asset security and will continue to invest in compliance to create a secure, transparent, and sustainable trading environment for global users, further enhancing customer trust and confidence.

About BiyaPay

BiyaPay is a multi-asset trading wallet platform, with services covering international remittances, U.S. and Hong Kong stock trading, cryptocurrency spot and futures trading, asset management, and more. BiyaPay is dedicated to providing secure, convenient, and compliant global financial services to users.