12 / 15 Relevant items tagged with #HongKong

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From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29

[May 29, 2023 1:30 PM] Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1.

Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down

[May 27, 2023 8:42 AM] 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.

Hong Kong Asset Manager Metalpha Secures $5M from Bitmain for Grayscale-Based Fund

[May 25, 2023 7:15 AM] The firm has so far received $20 million out of its $100 million target for the fund.

Chinese state media removes video on crypto after Binance CEO calls it ‘big deal’

[May 25, 2023 5:21 AM] Although China has maintained a hostile stance against crypto, the recent developments in Hong Kong have many speculating about its impact on China.

Binance CEO Claims Chinese Communities Are ‘Buzzing’ After CCTV Airs Crypto Segment

[May 25, 2023 2:00 AM] On May 24, Binance CEO Changpeng Zhao, also known as CZ, shared through Twitter that “Chinese speaking communities are buzzing” following a news broadcast by state-operated media network China Central Television (CCTV) regarding Hong…

Gate Group launches new virtual asset trading platform in Hong Kong

[May 24, 2023 3:00 PM] As of May 23, users can deposit and withdraw virtual assets and participate in spot trading activities.

ZA Bank plans digital asset retail trading in Hong Kong under new guidelines

[May 24, 2023 2:30 PM] The bank announced its plans, part of its diversification strategy, the day after Hong Kong released its new guidelines.

Hong Kong Securities Regulator to Accept License Applications for Crypto Exchanges Starting June 1

[May 23, 2023 4:20 AM] The Securities and Futures Commission's guidelines explicitly ban crypto gifts to incentivize retail investments, which likely includes airdrops.

Hong Kong to open crypto exchange access for retail users, but there's a catch

[May 23, 2023 2:43 AM] Hong Kong's securities watchdog announced new plans to allow retail investor access to virtual assets platform.

Digital Asset Firm HashKey Group Looks to Raise up to $200M at $1B Valuation: Bloomberg

[May 19, 2023 3:16 AM] The firm is looking to capitalize on Hong Kong's re-emergence as a potential crypto hub as the city has looked to formulate a clear regulatory structure for digital assets.

Hong Kong Launches Digital Currency Pilot With 16 Firms Including HSBC, Bank of China, Alipay

[May 18, 2023 8:00 PM] The Hong Kong Monetary Authority (HKMA) has announced the commencement of its e-HKD pilot which “will take deep dives into potential use cases in six categories.” The pilot paves the way for “the possible implementation of a retail central bank…

Ripple to demonstrate tokenization in HKMA e-HKD pilot program using new CBDC platform

[May 18, 2023 4:00 AM] The Hong Kong Monetary Authority is looking at retail CBDC use cases, such as the equity release of tokenized real estate assets with Ripple’s new CBDC product.

Ripple Starts Platform for Central Banks to Issue Their CBDCs

[May 18, 2023 4:00 AM] The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority's e-HKD pilot.

China state-owned Greenland to apply for Hong Kong virtual asset trading license

[May 17, 2023 10:37 AM] The real estate developer’s fintech unit already has a digital banking license in Singapore; “We are ready to step into Hong Kong,” CEO says.

Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong

[May 17, 2023 1:16 AM] Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications

Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says

[May 10, 2023 2:30 AM] Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and…

State-sponsored Chinese AI firm launches bot service to ‘surpass’ ChatGPT

[May 8, 2023 1:59 PM] Chinese tech company iFlytek recently made waves with the launch of its “Spark Model,” an AI system it says will surpass ChatGPT by the end of the year.

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

[May 5, 2023 7:15 AM] Crypto developments in Hong Kong do not mean China has softened or will soften its approach to regulating Bitcoin.

Coinbase remains '100% committed' to US market: Armstrong

[May 4, 2023 11:26 PM] The Coinbase CEO has a lot of faith in Congress in making a “clear rule book” for crypto firms to follow. But the SEC? Not so much.

Hong Kong regulator requires banks to open accounts for crypto firms

[Apr 28, 2023 3:46 AM] Hong Kong’s central bank has urged banks to provide services to crypto firms even before they receive the license.

Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms

[Apr 28, 2023 1:54 AM] Crypto companies have complained that opening bank accounts in the jurisdiction is difficult.

Hong Kong authorities remind banks not to be too hasty in rejecting digital asset clients

[Apr 27, 2023 11:30 AM] Increasing familiarity with virtual assets clients will make Anti-Money Laundering measures easier with time, and the firms should be treated reasonably, the HKMA says.

Pan-European crypto regulation is almost here: Law Decoded, Apr 17–24

[Apr 24, 2023 10:45 AM] The Markets in Crypto-Assets Act, also known as MiCA, was finally passed by the European Parliament.

OPNX CEO scolds claimed backers after some deny investing in the firm

[Apr 23, 2023 7:16 PM] OPNX chief Leslie Lamb called out a number of venture capital firms on Twitter after some rushed to distance themselves from the company.

Despite regulatory clarity, Hong Kong crypto ETFs experience lukewarm demand

[Apr 20, 2023 11:15 AM] The daily trading volume of all Hong Kong crypto exchange-traded funds averaged about $1.19 million between December and early February.

Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings Worldwide

[Apr 19, 2023 1:30 PM] In a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this…

Hong Kong Court Declares Crypto as Property in Case Involving Defunct Gatecoin

[Apr 19, 2023 5:42 AM] The ruling would give Hong Kong liquidators more clarity on how to treat crypto assets caught up in winding down procedures, law firm Hogan Lovells said.

UK may have crypto regulation within a year, says senior minister

[Apr 18, 2023 8:23 PM] The lawmaker said the regulation will need to be both “pragmatic” and “proportionate” to ensure economic growth is maximized.

Hong Kong's Central Bank Digital Currency Could be On Permissioned Blockchain: Source

[Apr 17, 2023 11:18 PM] At least one bank is leaning towards developing it on a permissioned blockchain.

China’s state-affiliated banks onboarding crypto companies in Hong Kong

[Apr 17, 2023 5:01 AM] Chinese banks are opening bank accounts for regulated crypto companies, with several acting as a payment layer for the crypto platforms.