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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[May 28 11:57 PM] A total of eleven crypto asset companies and exchanges have withdrawn license applications ahead of the deadline.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.

US Spot Bitcoin ETFs Maintain Momentum With Sixth Day of Positive Gains

[May 21 9:35 AM] According to the latest data, U.S. spot bitcoin exchange-traded funds (ETFs) have experienced positive inflows for six consecutive days. Over this period, the spot bitcoin ETFs attracted a total of $1.186 billion. Ark Invest’s ARKB Tops…

Hong Kong Police Arrest Three in ‘Hell Money’ Cryptocurrency Scam

[May 20 6:24 PM] Hong Kong police have arrested three men at a currency exchange shop in Tsim Sha Tsui, a major tourist area, for allegedly presenting “hell money” to a customer, leading the customer to transfer approximately HK$1 million ($128,206)…

Lackluster Performance for Hong Kong Bitcoin ETFs Since Launch

[May 17 10:31 AM] Since the Hong Kong spot bitcoin exchange-traded funds (ETFs) began trading, their performance has been underwhelming, with three ETFs accumulating around $228 million in net assets. Inconsistent Inflows and Outflows Mark Hong Kong Bitcoin…

China Expands Digital Yuan Pilot: Hong Kong Residents Can Now Set up E-CNY Wallets Locally

[May 17 9:45 AM] The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) have advanced the digital yuan (e-CNY) pilot for payments, aiming to increase e-CNY wallet usage in Hong Kong. Residents can now set up and top up wallets via the Faster…

Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets

[May 17 6:13 AM] The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers.

Hong Kong digital yuan pilot lacks P2P capabilities

[May 17 4:09 AM] While Hong Kong residents can sign up for a digital yuan wallet with a phone number, the CBDC is currently restricted to cross-border transactions and cannot be used for person-to-person transfers within Hong Kong.

Mastercard, Standard Chartered test tokenized deposit transaction

[May 15 1:57 PM] Mastercard’s Multi-Token Network enabled an atomic swap of a tokenized carbon credit for cash in a bank account.

Huobi Hong Kong Withdraws License Application for the Second Time

[May 15 4:18 AM]

Hong Kong Bitcoin, Ether ETFs wipe 2 weeks of inflow in a single day

[May 13 6:36 PM] Net outflows for Hong Kong’s crypto ETFs reached a record $39 million on Monday with bleeding felt across all six funds.

Hong Kong Bitcoin and Ether ETFs See $39M Outflows on Monday: Farside Investors

[May 13 1:31 PM] Previous outflows hovered around the $6 million mark, signaling a significant uptick in negative flows on Monday.

Hong Kong issuer seeks spot Bitcoin ETF for mainland China

[May 10 8:55 AM] Harvest’s CEO believes the Hong Kong-mainland China ETF bridge program could enable crypto ETF access in mainland China.

Elaborate Elon Musk deepfake crypto fraud uncovered in Hong Kong

[May 8 5:47 AM] A fraudulent crypto exchange platform used AI-generated videos of Elon Musk and misleading information to promote crypto trading services.

Hong Kong central bank forms community to explore assets tokenization

[May 7 7:36 AM] Regulators like HKMA and SFC united with local private sector firms like HSBC and HashKey to support the market of tokenization in Hong Kong.

Hong Kong spot Bitcoin and Ether ETFs struggle to gain traction

[May 6 10:58 AM] The exchange-traded funds only managed to attract around $22.5 million inflows during their first week of launch.

Nasdaq-listed Tiger Brokers rolls out online crypto trading to Hong Kong

[May 6 6:31 AM] The Tiger Trade app allows professional traders access to 18 different cryptocurrencies alongside stocks, futures, U.S. Treasury bonds and Bitcoin ETFs.

Is China warming up to Bitcoin ETFs? BTC investor’s reply sparks curiosity

[May 6 4:13 AM] The trade agreements between China and Hong Kong could allow mainland investors to access spot BTC ETFs in Hong Kong.

Kraken's Indices Provider Anticipates $1B AUM in Hong Kong ETFs by 2024 End: Bloomberg

[May 3 4:16 AM] CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs.

Hong Kong Bitcoin ETFs not enough to absorb US ETF selling pressure

[May 2 3:51 AM] Despite the excitement around the Hong Kong ETF debut, the inflows are only a fraction of the selling from the U.S. ETFs. Could Bitcoin price revisit the $50,000 mark next?

Bitcoin Tumbles Below $60K, Risking Deeper Pullback as Crypto Markets Endure Worst Month Since FTX Crash

[Apr 30 3:17 PM] Recent U.S. economic data could prompt more hawkish forward guidance from the Federal Reserve.