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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Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials

Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital yuan to its domestic payments system to evaluate the CBDC’s usability in cross-border scenarios.

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Huobi Halts Futures Trading Services, Mining Pool in China as Regulatory Pressures Mount

Per Bloomberg, cryptocurrency exchange Huobi began blocking its Chinese customers from being able to access some of their services.   When China banned crypto exchanges back in 2017, Huobi moved its operations overseas to Hong Kong, Singapore, and South Korea, among others.

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Futu to Add Cryptocurrency Trading in U.S, Singapore and Hong Kong

Futu, one of the leading trading brokerages in China, revealed its plans to offer cryptocurrency trading later this year. In its earnings call earlier this Wednesday, senior vice president Robin Li Xu told analysts that Futu would be applying for digital-currency related licenses in the United States, Singapore, and Hong Kong.  Despite these changes, crypto […]

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Futu set to offer crypto services in the US, Singapore, and Hong Kong

Futu Holdings Ltd., a rapidly growing crypto brokerage firm in China, is planning to offer crypto trading to international clients before the end of the year. The company unveiled this news during its Q1 earnings call on May 20, with its Senior Vice President Robin Li Xu, disclosing that the firm has already started applying […] The post Futu set to offer crypto services in the US, Singapore, and Hong Kong appeared first on Invezz.

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Breaking: China Bans Crypto For the 100th Time; Hong Kong Proposal Seeks to Restrict Retail Traders From Exchanges

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.

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HKMA Ready to Expand Cross-Border Digital Yuan Test After Successful Pilot

The Hong Kong Monetary Authority (HKMA) and the Digital Currency Institute of the People’s Bank of China (PBOC), are looking to expand the testing of China’s central bank digital currency (CBDC) for cross-border payments.

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Hong Kong takes the next step in testing digital yuan for international use

While the world has been obsessing over DeFi, NFTs, and the surging crypto prices, China kept quietly testing its CBDC, the so-called digital yuan. In fact, it started moving forward with the testing quite quickly, and it recently started conducting tests regarding cross-border payments.

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Hong Kong Restaurant Starts Accepting Bitcoin, Ether & other Cryptos as Payment

The growing crypto adoption has been following China calling BTC and stablecoins “investment alternatives” and the local publication talking about the warnings of a dangerous bitcoin bubble being misleading.

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China’s Central Bank Runs a Cross-Border Trial of Digital Yuan

According to the state-run Shenzhen Special Zone Daily newspaper, the People's Bank of China is now ready to run a trial of its digital yuan through cross-border payments. China’s central bank is running a one-day pilot program under which selected Hong Kong residents can use the central bank digital currency (CBDC) as a payment method […] The post China’s Central Bank Runs a Cross-Border Trial of Digital Yuan first appeared on BitcoinExchangeGuide.

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Hong Kong and China test cross-border digital yuan, says PBoC official

The digital yuan continues to develop apace.

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Chinese Public Company Meitu Buys More Bitcoin — Treasury Now Holds $90 Million in Cryptocurrencies

One of China’s top internet app makers, Meitu Inc. , has purchased more bitcoin for its treasury. The company now holds about $90 million in cryptocurrencies. Meitu is listed on the Hong Kong stock exchange and its flagship app has more than 1 billion users worldwide.

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СМИ: Huobi запустит три криптовалютных фонда в Гонконге

Биржа Huobi через зарегистрированное в Гонконге подразделение Huobi Technology Holdings планирует запустить три криптовалютных фонда. Об этом сообщил журналист Колин Ву. Breaking: China's largest exchange Huobi has obtained a Hong Kong cryptocurrency fund license, and it will launch Bitcoin, Ethereum and multi-strategy funds on March 3.

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HKMA and BOT partner with PBoC and UAE’s Central Bank to develop an m-CBDC

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand, have joined hands with UAE’s Central Bank (CBUAE) and the Digital Currency Institute of the People’s Bank of China (PBoC) in a FinTech deal.

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Hong Kong Mulls Banning Bitcoin Retail Investors

China’s grip over the once very friendly bitcoin jurisdiction seems to be extending with an industry body Global Digital Finance warning Hong Kong against a proposed ban of bitcoin retail...

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China and UAE Central Banks Join “Multiple CBDC Bridge Study” To Enhance Cross-Border Payments

The Central Bank of the United Arab Emirates (CBUAE) and the Digital Currency Institute of the People’s Bank of China (PBC DCI) have joined Hong Kong Monetary (HKMA) in partnership with the Bank of Thailand (BOT) in the second phase of the Project Inthanon-LionRock.

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Gang Steals $450,000 During Crypto Trade-Turned-Heist

Knifepoint Crypto Buying and selling crypto can be stressful enough without being robbed at gunpoint. But for one Hong Kong woman, a backdoor crypto-trading deal turned into a hold-up. According to the South China Morning Post, thieves got away with HK$3.

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Binance vs. KuCoin Crypto Exchange Duel 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.

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