2 / 14 Relevant items tagged with #HongKong

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China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals

[Sep 11 3:30 AM] China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese…

Hong Kong accepts crypto license application past deadline

[Aug 31 10:54 AM] Hong Kong Digital Asset Xchange Limited is the latest firm to apply for a license, having submitted their application on Aug. 27.

Hong Kong Markets Authority Opens Its Tokenization Sandbox and Major Institutions Dive In

[Aug 28 11:39 AM] HSBC bank completed three proof of concepts in Hong Kong's Ensemble sandbox.

Hong Kong Bitcoin ETFs Hits HK $2 Billion in AUM

[Aug 26 9:37 AM] The three spot Bitcoin exchange-traded funds (ETFs) in Hong Kong have surpassed HK$2 billion (around $272 million) in assets under management since launching earlier this year.NEW: Hong Kong #Bitcoin ETFs surpass HK $2 billion in assets under…

Hong Kong Regulator Finds 'Unsatisfactory Practices' at Some Crypto Entities Seeking Full License: Report

[Aug 26 7:06 AM] Hong Kong's Securities and Futures Commission (SFC) has found "unsatisfactory practices" at "some" of the cryptocurrency exchanges seeking a full license from it after conducting on-site inspections, Bloomberg reported on Thursday citing people…

Hong Kong Spot Bitcoin ETFs Saw Highest Inflows in a Month

[Aug 22 9:49 PM] Hong Kong's spot Bitcoin ETFs saw their largest inflow of funds in over a month today, highlighting growing Asian interest in Bitcoin investment vehicles.JUST IN: Hong Kong #Bitcoin ETFs saw $15 million in inflows today, the highest in a…

Hong Kong targets noncompliant crypto exchanges in licensing push

[Aug 22 12:25 PM] Hong Kong’s SFC finds deficiencies in some “deemed-to-be-licensed” crypto exchanges, risking their licensing status amid tightened regulations.

Does Hong Kong have issues with USDT and USDC? OSL exec weighs in

[Aug 16 11:21 AM] As Hong Kong looks into creating HKD and USD stablecoins, a local industry executive has addressed possible implications for stablecoins like UDST and USDC.

Hong Kong launches generative AI Sandbox for finance sector

[Aug 14 10:48 AM] The HKMA collaborates with Cyberport to launch a generative AI sandbox, targeting fintech innovations in finance.

Hong Kong to enhance digital asset regulation in 18 months

[Aug 11 12:19 PM] By establishing a comprehensive regulatory framework, the city aims to attract global fintech talent, foster innovation, and ensure the security and integrity of digital asset transactions.

Standard Chartered Subsidiary Bank Launches Bitcoin ETFs Trading

[Aug 7 9:32 AM] Mox, a virtual bank subsidiary of Standard Chartered, has introduced Bitcoin and crypto exchange-traded fund (ETF) trading on its investment platform. This makes Mox the first virtual bank in Hong Kong to offer Bitcoin and crypto-related investment…

Hong Kong virtual bank Mox Bank launches crypto ETF trading

[Aug 7 5:50 AM] The Standard Chartered subsidiary says it's the first bank of its kind to offer spot Bitcoin and Ether ETF trading to customers.

Hong Kong's Futu Launches Bitcoin, Ether Trading, Offers Alibaba, Nvidia Shares as Rewards: Report

[Aug 2 8:41 AM] For the moment, only bitcoin and ether can be traded, while the company works on "expanding our crypto offerings in the near future."

Hong Kong’s Largest Online Broker Launches Retail Crypto Trading for 22 Million Users

[Aug 2 6:30 AM] Futu Securities International, Hong Kong’s largest online broker with 21.64 million users, has launched retail cryptocurrency trading. Hong Kong residents can now trade bitcoin and ether in either Hong Kong or U.S. dollars directly through…

Hong Kong's Largest Online Broker Launched Bitcoin Trading

[Aug 1 11:22 AM] Futu Securities, Hong Kong's biggest online brokerage with over 3.5 million customers, has launched retail Bitcoin trading on its platform. As per South China Morning Post, users can now directly buy and sell Bitcoin and ether using Hong Kong or US…

Hong Kong Regulator Warns Against Proxinex for Suspected Virtual Asset Fraud

[Jul 30 7:30 AM] The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning regarding Proxinex, an entity suspected of virtual asset-related fraud. Investors have encountered issues withdrawing virtual assets from Proxinex, later being…

Interpol Issues Red Notice for ‘Coin Young Master’ Who Threw Cash From Rooftop

[Jul 30 1:30 AM] Interpol is aiding Hong Kong officials in locating Wong Ching-kit, a cryptocurrency promoter known as “Coin Young Master,” notorious for his 2018 stunt of tossing HK$6,000 from a rooftop. Wong faces charges of fraud and theft, including…

Hong Kong Lawmaker Advocates for Bitcoin Inclusion in Strategic Fiscal Reserves

[Jul 29 8:55 AM] Hong Kong legislator Wu Jiezhuang has proposed an initiative to consider the inclusion of Bitcoin in the region’s strategic fiscal reserves. This move, aimed at enhancing Hong Kong’s economic framework and accelerating Web3 development…

HK police arrest 4, including teen, in HK$11M crypto fraud

[Jul 28 6:59 AM] The authorities continue to urge the public to remain cautious and verify the legitimacy of financial transactions to avoid falling victim to such elaborate scams.

Hong Kong legislator eyes Bitcoin for fiscal reserves

[Jul 28 3:05 AM] By engaging with stakeholders and focusing on compliance, Wu aims to position Hong Kong as a leader in the adoption of Bitcoin and Web3 technologies.

Hong Kong Launches Its First Inverse Bitcoin ETF Product

[Jul 24 9:35 PM] CSOP Asset Management, a regulated asset management company, has become the first to launch an inverse Bitcoin ETF in Hong Kong’s markets. This allows traders and investors to speculate on the decline of the cryptocurrency’s value…

Hong Kong’s Boyaa Interactive Announces Strategic Bitcoin Ecosystem Cooperation, Plans to Purchase $100 Million in BTC

[Jul 22 3:30 AM] Boyaa Interactive, a public gaming company based in Hong Kong, has announced a strategic investment in the UTXO Bitcoin Ecosystem Fund. The company plans to allocate $1,000,000 to this initiative, aimed at promoting the Group’s business development…

Hong Kong to launch Asia’s first inverse Bitcoin ETF

[Jul 22 3:13 AM] CSOP’s new inverse Bitcoin ETF aims to profit from BTC price declines following their successful 2022 launch of the firm’s Bitcoin Futures ETF.

Hong Kong to launch Asia’s first inverse Bitcoin ETF

[Jul 22 3:13 AM] CSOP’s new inverse Bitcoin ETF aims to profit from BTC price declines following their successful 2022 launch of the firm’s Bitcoin Futures ETF.

Hong Kong Introduces Blockchain Vertical in Global Fast Track 2024

[Jul 22 12:33 AM] Invest Hong Kong, the government department responsible for attracting foreign direct investment, has announced the 7th edition of the Global Fast Track (GFT) 2024, a program designed to empower business connectivity among fintech startups…

HK bank supports nation's regulatory goals with reserve services

[Jul 19 2:03 AM] This development aligns with the city’s regulatory goals and represents a forward-thinking approach to integrating traditional banking with cutting-edge financial technologies.

Standard Chartered, Animoca Brands, and HKT Join Forces on Hong Kong’s Stablecoin Sandbox

[Jul 18 6:30 PM] Standard Chartered Bank (Hong Kong) Ltd. (SCBHK), Animoca Brands, and Hong Kong Telecom (HKT) have united to participate in the Hong Kong Monetary Authority’s (HKMA) stablecoin issuer sandbox, announced in March. Leveraging Zodia Custody’s…

Animoca, Standard Chartered team up in HKMA stablecoin sandbox

[Jul 18 2:40 PM] The Hong Kong Monetary Authority has selected three parties for assessment in its stablecoin issuers sandbox.

Standard Chartered, Animoca, and Three Others Join HKMA's Stablecoin Sandbox as Participants

[Jul 18 6:11 AM] In March, the HKMA started a regulatory sandbox to give potential stablecoin issuers immunity in testing certain operations.

Hong Kong to Prepare Stablecoin Legislation as Public Consultation Ends

[Jul 17 6:25 AM] Hong Kong's financial regulators published the conclusions of consultation on fiat-referenced stablecoin regulation and said they are preparing a bill to introduce into the Legislative Council later this year.