Hong Kong unveils new stablecoin licensing regime
[Jul 17 5:32 AM] The Hong Kong FSTB and HKMA outline plans for a new regulatory framework for stablecoin issuers following broad public support and stakeholder feedback.
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Mainland China to ‘unban’ Bitcoin? Community says ‘unlikely’
[Jul 15 7:02 AM] Mainland China has repeatedly banned certain activities related to Bitcoin, but it has somehow still remained a major player in activities like Bitcoin mining.
Hong Kong flags 7 unregulated crypto exchanges for noncompliance
[Jul 15 4:06 AM] The Hong Kong Securities and Futures Commission added seven crypto trading platforms to its alert list for operating without licenses, raising concerns over investor safety.
France and Hong Kong Collaborate to Advance Global Tokenization Market With CBDC Initiatives
[Jul 8 6:30 PM] The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a collaboration on wholesale central bank digital currency (wCBDC). This partnership includes the HKMA’s involvement in Wave 2 of the European Central Bank’s…
Hong Kong Professor: China’s Crypto Mining Ban Shifts Businesses to US
[Jul 3 12:17 AM] Professor Wang Yang, vice president for institutional advancement and chair professor at the Department of Mathematics at the Hong Kong University of Science and Technology (HKUST), criticized China’s cryptocurrency mining ban during a panel…
Hong Kong eyes DeFi, DAO spent $37M to help free Julian Assange: Finance Redefined
[Jun 28 1:25 PM] The Hong Kong government aims to expand its fintech dominance in DeFi and the metaverse despite challenges in the current landscape.
The Asia-Pacific market is heating up for Bitcoin and Ethereum ETFs
[Jun 27 2:23 PM] Two Bitcoin ETFs launched in Australia in June — after six Bitcoin and Ethereum ETFs launched in Hong Kong in April. We'll see soon if more enter the market.
Animoca Brands plans return to stock market by 2025
[Jun 26 9:25 AM] Animoca Brands is considering a public market return after four years of delisting in Australia, eyeing more receptive jurisdictions like Hong Kong and the Middle East.
Hong Kong targets DeFi, metaverse for fintech expansion
[Jun 26 2:57 AM] Despite challenges in the current DeFi and metaverse landscape, the reports highlight potential growth and innovation in these emerging sectors.
Hong Kong shows off crypto, Web3 prowess in Toronto
[Jun 25 2:04 AM] Canadian crypto and Web3 startups could benefit from “lower taxes” and regulations that cater to “pre-commercial specialist technology companies,” said a Toronto ETO official.
Hong Kong invites global opinions on web3 and virtual assets future
[Jun 22 6:35 AM] The Hong Kong Legislative Council is actively seeking feedback on several critical aspects of Web3 policy development, including balancing technical, legal, and regulatory frameworks.
Ryze Labs Weighs In: Fed’s Stance on Interest Rates and Its Impact on Market Dynamics
[Jun 14 12:36 PM] Following the release of lower-than-anticipated CPI data on June 12, U.S. equities climbed to record highs, with bitcoin exceeding $70,000. However, Ryze Labs, a venture capital firm investing in blockchain and Web3 projects worldwide, particularly…
Hong Kong Spot ETFs Secure $1.96B in Bitcoin, $26M in Ether
[Jun 13 8:36 AM] Since the spot bitcoin and ethereum exchange-traded funds (ETFs) in Hong Kong began trading on April 30, they have accumulated $1.96 billion in bitcoin and $26.74 million in ethereum. Hong Kong’s Spot Bitcoin and Ether ETFs See Modest Growth…
Hong Kong Partners With Swiss Crypto Valley
[Jun 7 12:57 AM] Invest Hong Kong, the government department responsible for attracting foreign direct investment and the Crypto Valley Association (CVA) of Zug, Switzerland, have signed a Memorandum of Understanding (MoU) to bolster the fintech ecosystems of both…
Investors file first civil suit against JPEX, more suits expected
[Jun 6 11:41 AM] The plaintiffs seek to recover funds transferred out of their wallets as criminal proceedings against the exchange continue.
Hong Kong Police Advisory Group Warns of Surge in Digital Asset-Linked Crime
[Jun 3 9:34 PM] The Hong Kong Technology Crime Police Advisory Group has warned about the rise of digital asset-linked crime, calling for the establishment of a regulatory system to identify and eliminate risks associated with this tech. According to police data…
Biden vetoes House and Senate votes on SEC’s anti-crypto resolution: Law Decoded
[Jun 3 1:05 PM] United States President Joe Biden has vetoed a resolution that would have overruled the U.S. Securities and Exchange Commission Staff Accounting Bulletin No. 121.
Hong Kong crypto exchange license applications cost less than expected
[Jun 3 9:32 AM] All unlicensed crypto exchanges have been kicked out of Hong Kong.
Hong Kong Reveals 17 Crypto Trading Platform Applicants as New Regulations Take Effect
[Jun 2 6:20 PM] Hong Kong’s Securities and Futures Commission (SFC) has published a list of two licensed crypto trading platforms and 17 pending applicants under the new regulations that went into effect on June 1. The financial regulator stresses that operating…
Hong Kong’s Grace Period for Crypto Exchanges Ending — Trading Platforms Must Obtain License by June 1
[May 29 6:15 PM] The Hong Kong Securities and Futures Commission (SFC) has issued a reminder that crypto trading platforms must obtain a license to operate in Hong Kong before the grace period ends on June 1. The regulator warned that operating without a license is…
Hong Kong SFC to compliance check crypto firms offices after license deadline
[May 28 11:57 PM] A total of eleven crypto asset companies and exchanges have withdrawn license applications ahead of the deadline.
Hong Kong Will Inspect Offices of Crypto Platforms as Important Compliance Deadline Looms
[May 28 4:58 AM] Hong Kong's Securities and Futures Commission (SFC) will conduct on-site inspections of those crypto trading platforms interested in continuing to pursue their licensing applications as a key deadline looms, the regulator announced Tuesday.
Worldcoin faces bans worldwide amid increasing privacy fears
[May 27 7:26 AM] Regulators across the world are banning Worldcoin, which collects biometric data for a small payment of its native cryptocurrency.
Okx Ceases Crypto Trading Services in Hong Kong — Users Advised to Withdraw Assets
[May 25 7:25 AM] Cryptocurrency exchange Okx has decided to withdraw its virtual asset service provider (VASP) license application in Hong Kong. As a result, Okx will stop offering centralized virtual asset trading services to Hong Kong residents by May 31, 2024…
Crypto Exchange Gate.HK Ceases Operations — Urges Users to Withdraw Assets
[May 24 7:10 AM] Gate.HK, the Hong Kong arm of cryptocurrency exchange Gate.io, is undergoing a significant platform overhaul to enhance security and compliance, withdrawing its applications for licensing under Hong Kong’s Securities and Futures Ordinance…
Crypto Exchange OKX Withdraws Hong Kong License Application
[May 24 6:42 AM] The exchange's action follows that of Huobi Hong Kong and several other applicants earlier this month.
US lawmakers urge SEC’s Gensler to approve spot Ethereum ETF
[May 23 9:06 AM] U.S. lawmakers argue that a potential spot Ether ETF would offer investors access to ETH in a more regulated and safer format.
Hong Kong SFC considers allowing Ether staking for ETF issuers
[May 23 8:05 AM] The SFC reportedly held discussions with the country’s crypto ETF issuers about providing staking services via licensed platforms.
Worldcoin Operations Violate Privacy and Should Cease, Hong Kong Regulator Says
[May 22 8:33 AM] Privacy Commissioner for Personal Data personnel visited 10 of the project's locations in December and January.
Worldcoin ordered to stop operations in Hong Kong
[May 22 1:18 AM] The PCPD ruled that Worldcoin’s retention of sensitive biometric data for up to 10 years solely for AI model training, including face and iris images, was unjustified.