Cryptocurrency trading has witnessed a significant surge in Hong Kong since the legalization of this digital asset class in June last year. This move has attracted blockchain projects from the West, with Aptos being one of the notable players. Aptos,…
Hong Kong Enacts Stringent Regulations to Curtail Covert Cryptocurrency Transactions
In Hong Kong, a vibrant network of small shops has emerged, offering seamless conversion between cash and cryptocurrencies. These shops, also known as over-the-counter (OTC) crypto providers, have played a significant role in facilitating the city’s booming digital assets market.…
Hong Kong’s Initiative to Regulate Stablecoins Draws Interest from Key Financial Players
A push is underway in Hong Kong to establish regulatory rules for stablecoins, with the aim of providing a framework for their operation within the region. The initiative, which has gained interest from major industry players such as Harvest Global…
HashKey Group Secures $100 Million in Series A Funding, Elevating Hong Kong’s Fintech to Unicorn Status
In the ever-evolving world of cryptocurrency, HashKey Group has emerged as a trailblazer, achieving an unprecedented milestone in Hong Kong’s fintech sector. With its recent Series A funding round, HashKey Group has not only amassed nearly US$100 million but also…
UBS Empowers Wealthy Clients with Access to Crypto ETFs in Hong Kong
UBS Group AG, the renowned Swiss financial services giant, has taken a significant step towards embracing the world of cryptocurrencies. According to a reliable source, UBS has commenced offering its affluent clients in Hong Kong access to a range of…
Hong Kong Explores Spot Crypto ETFs for Retail Investors – Bloomberg
The Securities and Futures Commission (SFC) of Hong Kong has taken a significant step towards enhancing accessibility for retail investors in the realm of spot crypto Exchange Traded Funds (ETFs). This move demonstrates the regulator’s commitment to fostering innovation and…
Hong Kong Strengthens Crypto Regulation: An Overview of Recent Changes
The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have jointly issued a significant circular aimed at providing clarity on the rules governing companies offering services related to virtual assets. The circular specifically addresses the classification…
JPEX: Hong Kong investigates influencer-backed crypto exchange
Hong Kong police are probing alleged fraud at cryptocurrency platform JPEX after investors claimed losses of HK$1.3bn ($166m; £134m). This case, which has led to the arrests of eleven individuals, including popular influencers, could be one of Hong Kong’s most…
Hong Kong JPEX Scandal: Suspects’ Ties to Cryptocurrency Platform and SFC’s Disclosure
Hong Kong has been rocked by a massive financial scandal involving the JPEX cryptocurrency platform. As the investigation unfolds, the true orchestrators of the alleged deceit remain at large, adding to the complexity of the case. Peripheral suspects have been…
Hong Kong Widens Testing of China’s Digital Yuan to Additional Banks
In the era of rapid digitalization, financial landscapes around the world are evolving at a pace never seen before. One of the most intriguing developments in recent times is China’s exploration of its digital currency, the Digital Yuan, commonly known…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
