China’s crypto stance unchanged by moves in Hong Kong, says exec

Crypto developments in Hong Kong do not mean China has softened or will soften its approach to regulating Bitcoin.

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First Mover Asia: ConsenSys Chief Cryptoeconomist Sees Little Drama Ahead for Bitcoin

ALSO: In an appearance on CoinDesk TV, Tron founder Justin Sun discussed Huobi's potential unveiling of a new Hong Kong exchange, and said that the city's evolving approach to digital asset licensing could shift attitudes in mainland China.

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Justin Sun Says Hong Kong’s New Licensing Regime Could Shift Policy in Mainland China, Eventually

In the interim, if granted the VASP license, the Tron founder says Houbi will launch a new exchange, Huobi Hong Kong, so as to comply with regulators.

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Hong Kong crypto frenzy, DeFi token surges 550%, NBA China NFTs — Asia Express

Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong moves bullish On Feb. 20, the Securities and Futures Commission (SFC) of Hong Kong launched a consultation on its proposed regulatory requirements for digital asset trading platforms.

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Chinese Government Approves of Hong Kong’s Crypto Plans: Bloomberg

China is dipping its toes back into the crypto world by allowing Hong Kong to open up to the market. One Country, Two Systems The Chinese government seems keen to...

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China reportedly approves crypto usage in Hong Kong, details inside

China is reportedly onboard with Hong Kong's recent push to embrace crypto. Representatives from mainland China are closely following and reporting on the crypto developments in the island cityThe post China reportedly approves crypto usage in Hong Kong, details inside appeared first on AMBCrypto.

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Hong Kong’s crypto ambition gets subtle nod from Beijing: Report

While China has cracked down on cryptocurrencies in the mainland, it’s apparently taking a softer approach to Hong Kong’s crypto hub aspirations.

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Crypto in Hong Kong Getting Soft Backing From Beijing: Bloomberg

Report says officials from China’s Liaison Office have been spotted at crypto events in the City.

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China Telecom and Conflux Network to pilot Blockchain enabled SIM Cards in Hong Kong

China Telecom and Conflux Network are bringing Blockchain SIM cards to market. The entry-level Web3 product will be the largest blockchain hardware product ever seen.

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China Telecom and Conflux Network to pilot Blockchain enabled SIM card in Hong Kong

Toronto, Canada, 15th February, 2023, Chainwire Today China Telecom and Conflux Network announce a partnership to bring Blockchain SIM cards (BSIM) to market. The entry-level Web3 product will be the largest blockchain hardware product ever seen globally, involving the most users and applications.

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Huobi to expand in HK, anticipates loose China crypto stance

The Huobi crypto exchange plans to increase its presence in Hong Kong, believing that the city’s pro-crypto tilt could signal an eventual relaxation of mainland China’s longstanding ban on digital assets.

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Huobi Exchange Plans To Expand In Hong Kong

One of the largest cryptocurrency trading exchanges, Huobi, is now considering expanding its services to China. Huobi Chief Justin Sun believes this will be a massive turnaround for the firm in the hopes that China will contribute positively to its growth.

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Amber Group cuts Hong Kong workforce by 50%

Singapore-based Amber Group halved its total staff size in Hong Kong to 40 as it struggles to survive the prolonged crypto winter, South China Morning Post (SCMP) reports. The post Amber Group cuts Hong Kong workforce by 50% appeared first on CryptoSlate.

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China-Based Funeral Company Shares Surge 80% Since November amid Spike in Covid Cases

Coinspeaker China-Based Funeral Company Shares Surge 80% Since November amid Spike in Covid Cases China funeral facilitator Fu Shou Yuan saw its shares recently rally to 7. 04 Hong Kong dollars after being down 40%.

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Justin Sun: China closely watching Hong Kong’s crypto policies

Justin Sun said Chinese authorities are keeping an eye on Hong Kong's efforts to establish the city as a leading Asian cryptocurrency hub as a policy test for the mainland.

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Why Hong Kong Is Pushing for Its Own Central Bank Digital Currency

As a global financial hub, Hong Kong has a vested interest in shaping the development of CBDCs and especially the systems in which they will transact across borders. But the U.S. should be concerned by its lack of full independence from mainland China.

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Could Hong Kong really become China’s proxy in crypto?

With its partial autonomy, the island city of Hong Kong has traditionally served as a gate to China, but with crypto, there is a catch.

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First Mover Asia: FTX Debacle Might Change Hong Kong’s Approach to Retail Crypto Regulation; Bitcoin Shows Its Mettle

The special administrative region of China wants to become a regional crypto hub, but FTX’s filing for bankruptcy protection could prompt regulators to tighten restrictions.

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Family Offices and HNWIs Investing More In Digital Asset Service Providers – Survey

An October 2022 survey report co-authored by KPMG China and Aspen Digital has revealed that the majority of Family Offices (FOs) and High Net Worth Individuals (HNWIs) in Hong Kong and Singapore are investing in digital asset service providers mainly through direct equity, followed by private investment in public tokens. “We have observed that family […]

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Hong Kong’s crypto plans could be a ‘test center’ opportunity for China, PCG’s Li says

Hong Kong is still a great financial hub for capital, for the world and particularly the Asia market, Richard Li, chairman at Pacific Century Group, a private investment group. “I still feel that Hong Kong is a very good hub for Asia… a very good financial hub for capital.

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Hong Kong could be key for China’s crypto comeback: Arthur Hayes

Hayes says the next crypto bull run will be tied to when China embraces the crypto market again, and Hong Kong could be the gateway for this to happen.

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Not like China: Hong Kong reportedly wants to legalize crypto trading

Hong Kong’s securities regulator wants to allow retail investors to invest directly in virtual assets and to reconsider current crypto trading requirements.

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Bank of China: Digital yuan transactions volume crossed $14B mark

The largest CBDC pilot in the world is going to expand on citizen payments and cross-border operations with Hong Kong.

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BIS marks CBDC pilot as ‘successful’ with $22M transacted

Over $12 million in value was issued in the pilot with commercial and central banks in Hong Kong, Thailand, the UAE and China taking part.

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HashKey DID Announces Strategic Cooperation With HKUST’s Crypto-fintech Lab

HashKey DID has officially partnered with the Crypto-FinTech Lab of the Hong Kong University of Science and Technology (HKUST), a top-10-ranked university in the Greater China Region. This collaboration will see both organizations bolster their presence and participation in the Web3 ecosystem and any related community events, including HKUST’s upcoming Web3 Carnival and KOIhub, amongst … Continued The post HashKey DID Announces Strategic Cooperation With HKUST’s Crypto-fintech Lab appeared first on BeInCrypto.

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Hong Kong Monetary Authority to Begin CBDC Trials in Q4: Report

The Hong Kong Monetary Authority (HKMA) plans to be trialling a central bank digital currency (CBDC) in the fourth quarter of this year, the South China Morning Post (SCMP) reported Tuesday.

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China’s State-Backed Open-Source Blockchain Enlists Hong Kong's HSBC, Emperor Group

China's state-backed Blockchain Service Network (BSN) has onboarded more than 10 conglomerates to its newly-launched Spartan Network, a blockchain infrastructure project.

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In Hong Kong, Bitcoin Is The Last Chance For Freedom

As tightening authoritarianism from China strips Hong Kong of financial freedom, Bitcoin offers its people a chance at forging their own paths.

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Binance vs KuCoin: Features, Fees, Safety & more

The two most popular Asian exchanges are Binance and KuCoin and both were based in China. After Chinese government banned digital currency exchanges, they both moved to Hong Kong, while Binance later on moved on to Malta even though current reports from TheBlock claim that Binance is not incorporated there but rather on some other, […] The post Binance vs KuCoin: Features, Fees, Safety & more appeared first on CaptainAltcoin.

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Hang Seng, China Stocks Soar as Beijing Pledges Support Amid Equity Rout

Crypto remains stable, though liquidity thin, as markets in Hong Kong climb out from the worst slump since the 2008 recession.

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First Mover Asia: China Equities Woes, Tensions With US Have Barely Touched Bitcoin; Cryptos Climb

Hong Kong's Hang Seng market has suffered through some of its worst days in more than a decade but have not seemed to affect bitcoin's price much; cryptos rose slightly as investors waited for the U.

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Binance vs KuCoin: Features, Fees, Safety & more [2022]

The two most popular Asian exchanges are Binance and KuCoin and both were based in China. After Chinese government banned digital currency exchanges, they both moved to Hong Kong, while Binance later on moved on to Malta even though current reports from TheBlock claim that Binance is not incorporated there but rather on some other, […] The post Binance vs KuCoin: Features, Fees, Safety & more [2022] appeared first on CaptainAltcoin.

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Hong Kong: over $380 million laundered using crypto exchange, 2 arrested

China and Hong Kong might be close in terms of their geographical distance. But the ways in which the two administrations regulate crypto are drastically different. A recent case was a perfect exampleThe post Hong Kong: over $380 million laundered using crypto exchange, 2 arrested appeared first on AMBCrypto.

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Metaverses in Focus of Hong Kong Tycoons, Here's Why

South China Morning Post, oldest English-language media outlet of Hong Kong, recounts unusual trend gaining steam among local real estate moguls

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Bitcoin and Europe Look on as US and China Intensify Financial Decoupling

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Why Hong Kong Could Allow Retail To Dabble Into Crypto ETFs

The local securities regulator in Hong Kong will review the rules for people to be able to trade crypto-linked Exchange Traded Funds (ETFs). According to a report by the South China Morning Post, Hong Kong’s Securities and Futures Commission (SFC) will take another look into its digital asset transaction regulation. Related Reading | Bye-Bye China […]

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Bitcoin Mining Maker Bitmain Officially Halts Shipping to China, Hash Rate Up Over 130% from June-low

Bitmain, one of the largest bitcoin mining machine manufacturers, has confirmed that it will stop shipping antminer to mainland China. “From October 11, 2021, Antminer will stop shipping to mainland China (excluding Hong Kong and Taiwan),” said Bitmain in an official statement made on its WeChat account.

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Hong Kong issues whitepaper on 'architectures and design options' for retail CBDC

Countries all over the globe are steadily reaching new milestones in development of their own Central Bank Digital Currencies (CBDCs). China was undoubtedly in the lead, with the release of its first The post Hong Kong issues whitepaper on 'architectures and design options' for retail CBDC appeared first on AMBCrypto.

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Crypto-related stocks in Hong Kong impacted, but more HODLers for Bitcoin, Ethereum

China declaring all crypto transactions illegal sent shockwaves through Asia's fintech market. It adversely impacted Hong Kong as well; not just crypto exchanges, but firms and stocks related to cryptThe post Crypto-related stocks in Hong Kong impacted, but more HODLers for Bitcoin, Ethereum appeared first on AMBCrypto.

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Billion-dollar crypto trading powerhouse Amber Group is targeting a US IPO listing

Amber Group co-founder and CEO Michael Wu revealed in an interview with the South China Morning Post that the Hong Kong-based crypto service provider is interested in going public in the US within the next two years.

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Crypto has recovered from China's FUD over a dozen times in the last 12 years

Since 2009, China and Hong Kong have "banned" or otherwise caused FUD in the crypto space on 19 separate occasions and counting.

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China’s Leading Crypto Exchange, Huobi, Custodies More than $1 Billion in Assets

Huobi Technology Holdings Limited holds more than $1 billion worth of crypto assets in custody. The largest cryptocurrency exchange in China noted on Thursday that at the end of August, the assets under Huobi Trust Hong Kong’s custody exceeded $1 billion.

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Chinese Securities Regulator Seeks to Tackle Unlicensed Crypto Trading in Hong Kong

China Securities Regulatory Commission (CSRC) is planning to expand its regulatory oversight to include cryptocurrency, in a bid to clamp down on unlicensed crypto transactions and digital assets scams in Hong Kong.

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Binance vs KuCoin: Features, Fees, Safety & more [2021]

The two most popular Asian exchanges are Binance and KuCoin and both were based in China. After Chinese government banned digital currency exchanges, they both moved to Hong Kong, while Binance later on moved on to Malta even though current reports from TheBlock claim that Binance is not incorporated there but rather on some other, […] The post Binance vs KuCoin: Features, Fees, Safety & more [2021] appeared first on CaptainAltcoin.

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Huobi Stock Price Plunges After Closing China Subsidiary

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South China Morning Post to tokenize 118-year-old archive with NFTs

Hong Kong landmarks like the Kowloon Walled City will be tokenized and showcased in The Sandbox Ethereum-based metaverse.

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Chinese Electric Car Maker Xpeng to Raise $2B, to List on Hong Kong Exchange

Coinspeaker Chinese Electric Car Maker Xpeng to Raise $2B, to List on Hong Kong Exchange The increasing level of tension between authorities in China and the United States is forcing the hands of many US-listed Chinese companies to list on the Hong Kong stock exchange as a way of protecting themselves against both governments.

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Hong Kong Listed Company on China's Largest Exchange, Huobi, Has Risen by 24%

Huobi’s co-founder Du Jun calls to follow long-term market strategy.

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China’s BSN Developer Raises $30 Million Series A Round to Boost Global Market Presence

Announced on Wednesday, China’s Blockchain Service Network (BSN) developer, Red Date, has raised $30 million in a Series A funding round led by Hong Kong crypto-focused firm, Kenetic. The funding aims to enhance development on the network, increase its team members and boost market adoption across the globe, a statement read.

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