Unlike the crazy cryptocurrency market on the US stock market, Hong Kong's financial regulatory environment is also relaxing. Hong Kong is one of the few financial centers with a complete cryptocurrency regulatory system. While allowing more and more traditional securities firms to enter the virtual asset field, cryptocurrency companies are also starting to obtain licenses by investing in licensed companies and conducting reverse mergers, which is also a new way of playing. AlchemyPay obtained Class 1/4/9 licenses from the Hong Kong Securities and Futures Commission by investing in HTF Securities Limited, a Hong Kong licensed company. Holding these three types of licenses means having comprehensive business qualifications in securities trading, investment consulting, and asset management. And we will apply for an upgrade to the Hong Kong Securities and Futures Commission's Class 1 license, which will provide us with a "ticket" to expand our digital currency trading business. The upgraded Class 1 license is aimed at virtual asset trading. 🔹 After obtaining the license, it can expand the compliance collection, clearing, and custody network in Hong Kong and wider Asia, and interconnect with mainstream banks and financial institutions. 🔹 When supporting the development of global payment services, having a higher compliance identity is expected to open up more channels for fiat currency deposits and withdrawals, while enhancing the platform's ability to resist risks. 🔹 Enhance the confidence of partners in the security of fund settlement and asset isolation, and provide high-quality services for large merchants and financial customers. Comparison between AlchemyPay and other licensed cryptocurrency companies in Hong Kong and Asia From the comparison, it can be seen that AlchemyPay, in addition to the payment network ecosystem, can also participate in the entire process of asset management, consulting, and transactions, with multi-channel revenue and product innovation space. Overall, AlchemyPay can make its global payment business more compliant by leveraging Hong Kong's 1/4/9 class licenses and upgrading direction. Because Alchemy Pay is one of the few cryptocurrency payment companies in the world that has established compliance licenses, with financial licenses in over 16 countries and regions. It is easy to convert encryption into fiat currency for remittance. In the future, if we can grasp the trend of on chain asset compliance, we can explore a different path for expanding virtual asset business, attracting institutional users, and enhancing global compliance competitiveness.