Flare, Red Date launch KYC solution for Chinese nationals in Hong Kong

Flare has partnered with Red Date Technology to introduce a new identity verification system for Mainland Chinese visitors in Hong Kong.  The system, which uses decentralized identity technology, allows users to go through KYC checks while keeping their personal information…

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Institutional players drive crypto adoption in South Korea, Hong Kong — Chainalysis

Eastern Asia has emerged as the sixth largest crypto economy globally, largely driven by institutional activity in South Korea and Hong Kong, according to a Sept. 18 report by Chainalysis. The region accounted for 8.

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Hong Kong’s crypto ambitions tested by licensing issues: report

Hong Kong’s crypto hub ambitions face hurdles as more than a dozen exchanges struggle to secure full licenses due to regulatory concerns. Cryptocurrency exchanges in Hong Kong seem to be grappling with challenges in securing full licenses as the city…

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Hong Kong busts $190m crypto money laundering ring: report

Hong Kong customs dismantled a sophisticated money-laundering syndicate that processed over $190 million through crypto transactions and over 200 bank accounts. Hong Kong customs authorities have cracked down on a money-laundering operation that funneled HK$1.5 billion (around $192 million) in…

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HKX joins growing list of crypto exchanges exiting Hong Kong

HKX to cease operations in Hong Kong due to regulatory compliance issues. Thirteen crypto exchanges have had their license applications withdrawn or rejected in Hong Kong. Another exchange, Gate.

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HKX joins list of crypto exchanges to quit Hong Kong market

HKX management advises users to withdraw assets following its decision to halt operations in Hong Kong due to regulatory compliance issues.

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Hong Kong to present regulatory framework for stablecoins by 2025

Hong Kong’s financial regulators have received over 100 submissions from market participants, with a vast majority endorsing the establishment of a licensing regime for stablecoins. The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA)…

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Regulatory Reboot: Hong Kong to Adjust Crypto Laws in Response to Lawmaker’s Inquiry

Hong Kong’s financial regulators are taking a measured approach to cryptocurrency regulations, responding with a constant change to market developments. Christopher Hui, the Treasury chief, recently emphasized the government’s strategy of continuously monitoring and adapting crypto-related rules to match the evolving industry.

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Hong Kong’s ‘Deemed to Be Licensed’ Crypto Exchange List Sparks Debate on Regulation

Hong Kong's SFC strict regulatory environment has raised questions on whether the City-State could achieve its digital asset hub goals. The post Hong Kong’s ‘Deemed to Be Licensed’ Crypto Exchange List Sparks Debate on Regulation appeared first on BeInCrypto.

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Hong Kong KOs Unlicensed Crypto Exchanges In Licensing Deadline Blitz

Hong Kong, a financial hub with a burgeoning interest in cryptocurrency, is undergoing a regulatory shakeup. The Securities and Futures Commission (SFC) has flexed its muscles, forcing unlicensed crypto businesses to exit the market and tightening the grip on those seeking licenses.

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Restrictive OTC regulations for institutions amid Hong Kong ETF launch – BitGo APAC director

Hong Kong has emerged as a key player in the race to become Asia’s premier crypto hub, as it launched the region’s first spot crypto ETFs on April 30 with a day-one inflow of over $130 million across Bitcoin and Ethereum.

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'East vs West:' How Hong Kong Bitcoin ETF can cover U.S. losses, per execs

Hong Kong ETF debut led to a record $12. 4M in daily trading volume.   Hong Kong Bitcoin ETFs’ $141M inflows will taper off US negative flows — Analyst. On the first day of trading, the 3The post 'East vs West:' How Hong Kong Bitcoin ETF can cover U.

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Hong Kong’s Bitcoin and Ethereum ETFs launch with lower than expected trading volumes

Hong Kong’s debut of Bitcoin and Ethereum exchange-traded funds (ETFs) commenced with modest trading volumes, tallying up to 87. 58 million HKD, equivalent to $11. 19 million, based on Hong Kong Stock Exchange data.

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Crypto ETFs Start Trading in Hong Kong

A top analyst predicts that Ethereum will be overshadowed by Bitcoin in Hong Kong's ETF race

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Crypto-Linked Money-Laundering Scheme Worth $230M Uncovered In Hong Kong

According to a South China Morning Post report, Hong Kong customs officers have apprehended three individuals in connection with a massive HK$1. 8 billion ($228 million) money-laundering operation that exploited a crypto platform and bank accounts associated with shell companies.

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Bitbot price prediction as Hong Kong approves Bitcoin ETF

Bitcoin has been rather challenged in recent days but things seem to continue to line up really well for the world’s largest cryptocurrency by market cap. Hong Kong approves spot crypto ETFs Hong Kong, for instance, approved spot ETFs for both Bitcoin and Ether this week.

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Bitcoin Primed For Multi-Billion-Dollar Boost With Hong Kong Greenlighting Spot BTC ETFs Next Week

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Announcing Blocktober #24: Hong Kong’s month convening flagship Web3 events

Hong Kong, China, March 15th, 2024, Chainwire Web3 Harbour, a nonprofit industry association for the advancement of a decentralized internet and economy, and Invest Hong Kong (InvestHK), the government department responsible for foreign direct investments into Hong Kong, today announced Blocktober #24, a first of its kind strategic public-private collaboration that will bring three weeks of […] The post Announcing Blocktober #24: Hong Kong’s month convening flagship Web3 events appeared first on CoinJournal.

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Wombat Launching “Gamified Bribe Market” onboarding Animoca Games to DeFi

Hong Kong, Hong Kong, January 12th, 2024, Chainwire Addressing the major challenges of user onboarding and maintaining sustainable liquidity incentives in DeFi, alongside the difficulties of retaining users and offering stable incentives outside the gaming environment in GameFi, Wombat Exchange unveils its innovative experiment, “WomPets.

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Hong Kong regulator considers allowing ICOs to bolster economic revival

Hong Kong, a city renowned for its dynamic financial landscape, may be toying with groundbreaking changes in its digital asset approach. In a recent letter, Mr. Chen Zhihua, President of the Hong Kong Securities and Futures Association, proposed introducing an “Initial Coin Offering (ICO) mechanism” in Hong Kong.

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Interactive Brokers Hong Kong licensed in Hong Kong for retail virtual asset trading

Interactive Brokers Hong Kong has been approved for virtual asset trading by retail clients in Hong Kong, its regional managing director announced.

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No civil protection for crypto in China, $300K to list coins in Hong Kong? Asia Express

Chinese court knocks back civil lawsuit over “illegal” crypto, Hong Kong exchanges gain momentum, The Block gets $60M from Singapore firm.

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Bitget’s Hong Kong operator invests $90M in OSL

BGX, the company that runs BitgetX in Hong Kong, has agreed a $90 million investment in BC Technology. BC Technology is the parent company of OSL, a publicly listed crypto exchange trading on the Hong Kong Stock Exchange.

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Swiss crypto bank SEBA gets Hong Kong SFC license

SEBA Bank began its quest for Hong Kong expansion in late 2022, setting up an office in November, with the firm obtaining an in-principle approval to offer virtual asset trading services by August 2023.

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$308M crypto laundering scheme busted, Hashkey token, Hong Kong CBDC: Asia Express

Asia Express: Ringleaders of $308M P2P crypto laundering scheme jailed in China, Visa’s Hong Kong CBDC trial a success, Hashkey token.

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JPEX Scandal Can’t Ruin Hong Kong’s Web3 Vision, Says Financial Secretary

The recent JPEX scandal has scarred the reputation of Hong Kong’s crypto industry, raising questions about the future of web3 and digital assets in the region. However, a speech by the region’s Financial Services and Treasury Secretary, Christopher Hui, at the ongoing Hong Kong Fintech week put minds at ease. Hui declared that the $165 […]

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OSL owner denies reports of selling crypto business in Hong Kong

BC Technology says statements in Bloomberg’s article are ‘factually inaccurate and highly misleading.’ Hong Kong’s BC Technology Group Ltd. has denied recent reports saying that the company is exploring the sale of its licensed crypto platform OSL. In a recent…

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Retail stablecoin trading in Hong Kong not allowed yet, official says

Hong Kong will not allow retail investors to trade stablecoins until they are officially regulated, which is projected to happen by the end of 2024.

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How Hong Kong became the new hub for cryptocurrencies

In just a year, Hong Kong has moved from being a cryptocurrency-unfriendly region to claiming the top spot among the most cryptocurrency-ready countries and territories. What is the reason for such dramatic changes?

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Hong Kong to name all crypto license applicants following JPEX scandal

Hong Kong’s Securities & Futures Commission (SFC) continues to scrutinize the crypto market to fight unregistered virtual asset trading platforms in the region. On Monday, 25 September, the watchdog vowed to reveal all certified trading platforms to help users identify unregistered cryptocurrency firms in Hong Kong.

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Hong Kong Probe Into Crypto Exchange JPEX Results in Arrest

SCMP reported that Hong Kong police had received 83 complaints about the platform, which was operating without a license.

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Hong Kong, Switzerland, U.S. – The Crypto Capitals of the World

In a recent study that evaluated the global penetration of cryptocurrency, Hong Kong emerged as the leader with an overall score of 8. 36 out of 10. Switzerland followed closely with a score of 8.

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SEBA Bank’s Hong Kong Arm Gains Regulatory Nod for Bitcoin and Crypto Operations

SEBA Bank’s subsidiary in Hong Kong has achieved a significant milestone, receiving in-principle approval from the Hong Kong Securities and Futures Commission (SFC). This tentative green light allows SEBA Hong Kong to engage in a range of crypto-focused financial activities.

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Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says

A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets.

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Hong Kong securities regulator issues in-principle approval to HKVAX

The announcement comes after Hong Kong debuted crypto retail trading with exchanges HashKey and OSL.

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Hong Kong regulator warns crypto exchanges, Shiba Memu marches on

Hong Kong regulator the Securities and Futures Commission (SFC) published the warning on August 7. Crypto exchanges yet to apply for licences but have gone ahead to publicise the same. Shiba Memu presale gathers speed with over $1.

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Hong Kong Crypto Gets Green Light

A crystal clear regulatory framework now gives Hong Kong crypto exchanges the green light to offer their products to retail investors. This shift has caught the attention of market observers because of the size of the Hong Kong market. Is Hong Kong the new crypto hub?

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Hong Kong Scholars Propose HKD Stablecoin Backed by Government Reserves

In a bid to assert dominance in the blockchain sector and drive the development of a digital Hong Kong dollar, a group of scholars led by Cai Wensheng, Vice President of the Hong Kong University of Science and Technology, has proposed the creation of an HKD stablecoin.

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Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin

“Issuing a stablecoin pegged to the Hong Kong dollar not only helps to solidify Hong Kong’s leadership in the blockchain sector but also propels the progress of the digital Hong Kong dollar," said the report.

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Hong Kong University Paper Urges Government to Launch HKD-Backed Stablecoin

A Hong Kong University paper urges the government to issue a Hong Kong dollar stablecoin to promote the currency's liquidity and position Hong Kong as an advanced financial center. The post Hong Kong University Paper Urges Government to Launch HKD-Backed Stablecoin appeared first on BeInCrypto.

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Hong Kong Rating Agency Adds DOGE, XRP, ADA, SHIB, Others To Crypto Index

Hong Kong has taken a significant step forward in embracing crypto as it re-opened its doors to the world of digital assets at the beginning of the month. In a bid to position itself as a leading global financial hub for innovative technologies, the Hong Kong government, in collaboration with the Securities and Futures Commission […]

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HSBC’s Hong Kong customers can now trade Bitcoin, Ethereum futures ETFs

HSBC customers in Hong Kong can now buy Bitcoin (BTC) and Ethereum (ETH) futures ETFs, per crypto reporter Colin Wu. Wu wrote: “The move will expand local users’ exposure to cryptocurrencies in Hong Kong.

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HSBC rolls out cryptocurrency services in Hong Kong: Report

Three crypto ETFs listed on the Stock Exchange of Hong Kong are now reportedly available for trading at Hong Kong’s largest bank.

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Hong Kong seeks fast regulatory action on stablecoins

According to the local news outlet The Standard, Hong Kong is making strides in creating a clear framework for stablecoins pegged to traditional financial assets. The Hong Kong Monetary Authority (HKMA) aims to introduce the proposed comprehensive regulatory framework for stablecoins within 18 months.

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Chinese bank BOCI has issued the first tokenized security in Hong Kong

Investment Chinese bank BOC International tokenized securities in Hong Kong, based on the Ethereum blockchain. This is the first product of its kind in the Asia-Pacific region, created in accordance with the laws of Hong Kong and Switzerland.

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Hong Kong Courts US Exchanges Amid Regulatory Issues

A legislator from Hong Kong has extended an invitation to Coinbase and other cryptocurrency businesses to establish themselves in the region, assuring necessary support. The post Hong Kong Courts US Exchanges Amid Regulatory Issues appeared first on BeInCrypto.

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Chinese Stablecoin Staff Arrested in Hong Kong

Authorities arrest a cross-border payment stablecoin team in Hong Kong before crypto regulations come into force. The post Chinese Stablecoin Staff Arrested in Hong Kong appeared first on BeInCrypto.

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CoinEx launches BitHK trading platform for Hong Kong users

BitHK will offer spot trading and looks to launch a P2P exchange for Hong Kong users. The exchange will submit an application for registration as a VASP with the Hong Kong Securities and Futures Commission (SFC) on 1 June.

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Gate Group penetrates Hong Kong market with new crypto trading platform

Crypto exchange Gate Group launched a trading platform in Hong Kong. The group announced its plans to establish in Hong Kong in February after the government allocated $6.4 million to Web3 actiThe post Gate Group penetrates Hong Kong market with new crypto trading platform appeared first on AMBCrypto.

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