2023-9-18 19:31 |
The Hong Kong Monetary Authority has issued a stern warning to cryptocurrency-related firms that are misrepresenting themselves as banks or describing their products as deposits. origin »
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Hong Kong's financial regulator earlier called out JPEX for operating in the region without approval. The central bank, HKMA, alerted that such businesses didn't come under its purview. HoThe post Hong Kong's central bank warns against these crypto firms appeared first on AMBCrypto.
2023-9-17 04:30 | |
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The Hong Kong Monetary Authority has cautioned the public against crypto firms that describe themselves as banks or offer products termed as deposits. On Sept. 15, the Hong Kong Monetary Authority (HKMA) issued a public statement expressing concern over crypto…
2023-9-15 23:00 | |
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Hong Kong warns crypto firms against using the word “bank” The Hong Kong Monetary Authority (HKMA) says only licensed banks can take “deposits. ” Using terms such as digital bank, crypto bank and crypto asset bank contravenes the Banking Ordinance.
2023-9-16 21:23 | |
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On Friday (15 September), the Hong Kong Monetary Authority (HKMA) warned against cryptocurrency companies misusing the word bank when describing their services. The regulator highlighted that these firms mislead users who think these companies are HKMA-certified.
2023-9-16 19:22 | |
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HashKey Exchange, the first licensed retail virtual asset exchange, announces its official launch today. Together with executives from the HKSAR government, top-tier banks, insurers, and Big 4 auditing firms, HashKey Exchange held the grand launch in Hong Kong.
2023-8-28 18:19 | |
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Retail crypto trading is only days away in Hong Kong, but a mainland crackdown sees bounties offered for crypto firms and miners imprisoned.
2023-8-25 02:06 | |
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Under the Securities and Futures Commission’s licensing regime, which started June 1, crypto firms offering services or operating in Hong Kong must comply with new requirements.
2023-8-8 21:45 | |
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The city’s new licensing regime paves the way for exchanges to operate legally but tough compliance requirements could cost firms as much as $20 million, industry insiders say.
2023-8-4 15:14 | |
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Legislative Council member Johnny Ng is courting crypto exchanges to get licensed in the city as the U.S. drives digital asset firms offshore.
2023-7-24 08:41 | |
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Hundreds of firms have been lining up for a Hong Kong crypto license, but recruiters say they are yet to see an accompanying rush for talent.
2023-7-10 02:35 | |
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VASP expenditures are varying between 20 million to 200 million Hong Kong dollars as firms scramble to find Web3 talent for licensing.
2023-6-27 18:30 | |
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The country’s financial secretary says state funding and support have helped draw Web3 innovators to the digital hub.
2023-6-19 13:30 | |
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Hong Kong's Cyberport has emerged as a thriving hub for more than 150 web3 firms, driven by strong government support and funding. The city's commitment to innovation and emerging technologies has propelled Cyberport's growth as per the financial secretary.
2023-6-19 10:17 | |
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Having launched its regulatory framework for crypto firms this month, Hong Kong is moving to embrace stablecoins and tokenized securities. The post Hong Kong Eyes Stablecoins and Tokenized Securities Post-VASP Regulation appeared first on BeInCrypto.
2023-6-19 18:21 | |
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Amid US regulators cracking down on crypto, Hong Kong is trying not to miss its chance to attract scared Web3 services
2023-6-16 12:20 | |
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Hong Kong’s retail trading regime is days away from going live and crypto exchanges are keen to make entry into the region.
2023-5-30 04:36 | |
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This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis.
2023-5-28 17:42 | |
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Hashkey Group is an authorized crypto company based in Hong Kong. The digital asset platform is partaking in various moves to retain its supremacy in the region. That comes as the city’s initiative to become a cryptocurrency hub attracts worldwide crypto firms and exchanges.
2023-5-20 12:30 | |
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Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications
2023-5-17 10:16 | |
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Eddie Yue, Hong Kong's chief executive officer of the Hong Kong Monetary Authority (HKMA), recently gave a speech outlining the new licensing process that would apply to crypto firms in Hong Kong.
2023-5-9 14:16 | |
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The Hong Kong warms to the crypto sector, the city's financial regulator has asked banks to support licensed firms in the city. The post Hong Kong Regulator Prompts Banks to Support Crypto Firms appeared first on BeInCrypto.
2023-4-29 14:00 | |
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Coinspeaker Hong Kong Monetary Authority Advises Banks to Offer Support to Crypto Firms The push to support crypto is gaining traction in Hong Kong as some banks are already pledging support to the industry.
2023-4-29 13:34 | |
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Hong Kong’s central bank has urged banks to provide services to crypto firms before receiving a license.
2023-4-29 12:46 | |
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Crypto companies have complained that opening bank accounts in the jurisdiction is difficult.
2023-4-28 10:54 | |
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Increasing familiarity with virtual asset clients will make Anti-Money Laundering measures easier with time, and the firms should be treated reasonably, the HKMA says.
2023-4-27 20:30 | |
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Hong Kong and Singapore are two of Asia’s leading crypto hubs. And in recent years, many international crypto firms have found a home in in both cities. The post Hong Kong and Singapore Battle It out to Be Asia’s Crypto Capital appeared first on BeInCrypto.
2023-4-22 20:30 | |
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China Bank of Communications Co., Ltd.’s Hong Kong subsidiary reportedly collaborates with several crypto companies with secured licenses in Hong Kong. According to reports, the state-owned bank works with several licensed crypto firms in the semi-autonomous city-state and has also…
2023-4-17 15:41 | |
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Hong Kong and Singapore are two of Asia’s leading crypto hubs. And in recent years, many international crypto firms have found a home in in both cities. The post Hong Kong and Singapore Battle it out to be Asia’s Crypto Capital appeared first on BeInCrypto.
2023-4-17 20:30 | |
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The Hong Kong securities and futures commission (SFC) will reportedly issue licenses to at least eight crypto firms this year.
2023-3-30 17:56 | |
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OKX, a Seychelles-based crypto exchange ranked among the top 20 exchanges of the world, becomes the latest to enter Hong Kong due to its crypto-friendly regulations. Other crypto firms that previously revealed plans to set up a base in the city include Australian crypto exchange Independent Reserve and Huobi.
2023-3-30 21:00 | |
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According to a recent report from Bloomberg, Chinese banks are now showing interest in Hong Kong crypto firms. This has surprised the broader crypto community, given that China had once restricted digital currency transactions in the country.
2023-3-28 22:30 | |
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Chinese state-owned banks have emerged as backers for Bitcoin businesses establishing operations in Hong Kong. Despite China's continued ban on cryptocurrency, all of this is true. Chinese sThe post Hong Kong crypto firms notice high interest from Chinese banks appeared first on AMBCrypto.
2023-3-27 17:00 | |
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Chinese government-owned banks start showing support for crypto companies in Hong Kong
2023-3-27 13:06 | |
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Several Chinese banks have been seeking to offer services to crypto firms in Hong Kong, despite a ban on crypto on the Chinese mainland.
2023-3-28 09:00 | |
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Hong Kong, an administrative region of China, has gradually expanded its crypto industry. The city aims to create a robust crypto environment to position it as a prominent hub for crypto and Web3 interactions.
2023-3-21 21:00 | |
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Hong Kong, an administrative region of China, has gradually expanded its crypto industry. The city aims to create a robust crypto environment to position it as a prominent hub for crypto and Web3 interactions.
2023-3-21 21:00 | |
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More than 80 businesses are interested in setting up presence in Hong Kong as it strives to become a leading Web3 hub. Several crypto businesses worldwide have been paying "attention" to Hong KThe post Over 80 crypto firms willing to enter Hong Kong: Financial Secretary appeared first on AMBCrypto.
2023-3-20 15:30 | |
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Hong Kong’s Secretary for Financial Services and the Treasury Christopher Hui said that over 80 virtual asset-related businesses had expressed interest in establishing their presence in the city as of the end of February.
2023-3-20 13:35 | |
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Since October, more than 80 virtual asset companies have expressed interest in establishing in the city, while 23 have indicated actual plans to do so.
2023-3-20 09:22 | |
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After crypto firms have left the city, the regulator says it’s now moving with the market and industry.
2023-1-11 08:00 | |
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Ashley Alder, who is currently the CEO of Hong Kong’s Securities and Futures Commission (SFC) will be starting with the Financial Conduct Authority on Feb. 20.
2022-12-16 14:28 | |
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Virtual asset service providers will be covered by terror financing and anti-money laundering rules as of June next year.
2022-12-9 15:53 | |
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Hong Kong: Web3 and the metaverse will feature in this year’s Fintech Week, as the country tries to lure back business lost to COVID-19. The post Hong Kong Hopes To Draw Back Fleeing Firms With Web3 Fintech Week appeared first on BeInCrypto.
2022-10-15 18:00 | |
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MetaMask Institutional (MMI), the institutional arm of popular Ethereum wallet MetaMask, has partnered with three firms — US-based BitGo, British Virgin Islands-headquartered Qredo, and Hong Kong-based Cactus Custody.
2021-10-6 19:00 | |
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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.
2021-9-27 17:30 | |
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Decentralized finance protocol Flare raised $11.3 million in another funding round supported by heavyweights in the crypto industry. Launched at the tail end of 2020, Flare, a Turing complete Federated Byzantine Agreement-based (FBA) network, announced Hong Kong-based firm Kenetic Capital led the round, including top venture capital firms such as Digital Currency Group (DCG) and […] The post Flare Network Raises Million in Funding to Bring Smart Contracts to All Blockchains first appeared on BitcoinExchangeGuide.
2021-6-9 22:45 | |
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Cryptocurrency exchanges in Hong Kong are set to be prohibited from offering services to retail crypto traders following a new government proposal. Hong Kong Floats New Proposal On Licensing Crypto Firms The legislative proposal, which Hong Kong's Financial Services and Treasury Bureau (FSTB) floated, has now moved past its consultation period, Reuters report.
2021-5-22 19:42 | |
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In an official announcement on Thursday, the firm stated that it would invest the $200 million in the seed as well as series A phases of emerging firms within the crypto industry. The Hong Kong-headquartered firms stated that the aim of the investment fund would be to enhance the growth of promising startups and the […] The post Crypto.
2021-3-5 19:30 | |
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Hong Kong’s government is poised to change the rules for cryptocurrency trading firms operating within the city’s jurisdiction. Financial regulators worldwide are still in the process of formulating the best approach for regulating the cryptocurrency industry.
2020-11-4 17:55 | |
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Hong Kong-based investment holding company HK Asia will buy more Bitcoin after securing board approval to expand its cryptocurrency holdings. According to a Feb. 23 announcement, the company’s board of executive and non-executive directors approved plans to increase the company’s…
Peter Thiel-backed crypto exchange Bullish has obtained licensing approval from the Hong Kong Securities and Futures Commission for its Hong Kong arm. Bullish Global, the cryptocurrency exchange backed by Peter Thiel, has secured two licenses for its Hong Kong arm,…
Beijing-based venture capital firm Gaorong Ventures has reportedly backed HashKey Group with $30 million, valuing the operator of Hong Kong’s top crypto exchange at $1.5 billion. Hong Kong-based HashKey Group has secured a $30 million investment from Beijing’s Gaorong Ventures,…
A survey by Hong Kong’s brokerage firm Futu reveals that Gen Z is highly optimistic about crypto, seeing three times more potential in Bitcoin than in real estate. A new survey by Hong Kong brokerage firm Futu Securities shows that…
Hong Kong-based Ming Shing Group has invested $47 million in Bitcoin, acquiring 500 BTC as a short-term strategy to enhance liquidity and asset value. Public construction firm Ming Shing Group has joined the list of non-tech companies diversifying into cryptocurrency,…
Hong Kong legislator Wu Jiexhuang suggested the region should start adding Bitcoin to its national reserves as a way to boost financial security. According to the local newspaper Wen Wei Po, Wu said Hong Kong regulators should study the impact…
Hong Kong lawmaker Wu Jie has urged the city-state’s government to consider integrating Bitcoin into its fiscal reserves, a local media outlet reported. The report showed that Wu proposed that the Hong Kong Special Administrative Region (SAR) explore the inclusion of cryptocurrencies in its fiscal reserves and leverage foreign exchange funds to acquire and hold […] The post Hong Kong lawmaker advocates including Bitcoin in national reserves appeared first on CryptoSlate.