The bill includes licensing requirements for stablecoin issuers, offering and marketing restrictions and broader consumer protections.
A composite index by ApeX Protocol ranked the most blockchain-friendly regions based on patents, jobs, and crypto exchanges.
A recent Bloomberg report has revealed that in 2024, Singapore was able to solidify its position as a leading digital asset hub in Asia, surpassing Hong Kong in “regulatory efficiency and appeal” to crypto firms. Particularly, the city-state issued 13 crypto licenses this year, more than double the number granted in 2023. Prominent global players […]
The launch follows a successful testnet period where 50 projects were deployed and more than 24.72 million transactions were completed.
Hong Kong’s Securities and Futures Commission (SFC) has issued licenses to four virtual asset trading platforms (VATPs), marking another step in its fast-tracked regulatory framework, according to a Dec. 18 statement. The licensed platforms include Accumulus GBA Technology Ltd, DFX Labs Company Ltd, Hong Kong Digital Asset EX Limited, and Thousand Whales Technology (BVI) Ltd. […]
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The Hong Kong government has reaffirmed its intention to adopt a global crypto tax reporting framework by 2028, according to a recent statement. This decision followed recent discussions with the Organization for Economic Cooperation and Development (OECD) Global Forum on Transparency and Exchange of Tax Information. The framework, introduced in June 2023, expands the existing […]
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"Hong Kong’s 'one country, two systems' framework lets it explore digital asset innovation more freely," Ivan Ivanov told Cointelegraph.
Hong Kong seems to be intensifying its efforts to establish itself as a global cryptocurrency hub. In a recent announcement, it pledged to “streamline” the licensing process for crypto trading platforms. The announcement comes as the region faces mounting competition from other jurisdictions racing for a share of the digital asset industry. The move is […]
Hong Kong lawmaker Johnny Ng has questioned whether the city’s government is considering Bitcoin as part of its investment strategy. He raised these views in a Dec. 11 statement, highlighting the growing global recognition of Bitcoin and its decentralized nature despite its inherent risks. The Bitcoin reserve question Ng questioned if the Hong Kong government […]
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The companies indicated plans to expand their partnership to the United Kingdom and other European countries in the coming months.
Hong Kong has moved closer to formalizing its stablecoin regulations by publishing a bill in its gazette on Dec. 6 that establishes a clear framework for issuers and marketers. Stablecoins have become useful tools for cross-border transactions, with Standard Chartered recently calling them the crypto industry’s “killer app.” Under the new bill, stablecoin issuers and […]
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Hong Kong’s move to exempt crypto gains from taxes targets hedge funds and family offices in a bid to boost its competitiveness.
Cryptocurrencies, including stablecoins, still only pay for 0.2% of online commerce transactions globally, according to the report.
Hong Kong’s largest digital bank, ZA Bank, has announced the launch of a retail cryptocurrency trading service. According to the press release, the service enables users to trade cryptocurrencies directly through the ZA Bank app, “simplifying” the trading process by eliminating the need for third-party platforms. This move makes ZA Bank the first bank in […]
Cyberport’s rapid growth includes over 270 Web3 enterprises and initiatives for real-world blockchain applications in Hong Kong.
The Hong Kong Monetary Authority (HKMA) has warned the public about two foreign-based crypto companies allegedly misrepresenting themselves as banks. The firms were found to have used the term “bank” when describing their products and services, potentially misleading consumers. HKMA Cracks Down On Crypto Firms Posing As Banks The HKMA, which also serves as Hong Kong’s central […]
The Hong Kong Monetary Authority (HKMA) has cautioned the public to remain vigilant against foreign crypto firms falsely presenting themselves as banks, according to a Nov. 15 notice. The regulator revealed that some overseas crypto firms are portraying themselves as banks to gain the trust of Hong Kong users. Many of these entities operate without […]
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The trials will allow for anonymous registration on a regulated stablecoin app and the purchase of tokenized financial products for mainland Chinese in Hong Kong.
BlackRock CEO Larry Fink on CNBC means more to QCP's founder and chief investment officer rather than presidential candidates promoting crypto.
This was the first case against JPEX, which operated in Hong Kong without a license.
Chainlink hopes CRE will be as important for Web3 as COBOL and JavaScript, which were important for automating finance and bringing it to the internet.
An international payments project backed by China, the UAE, Thailand and Hong Kong is raising concerns in Washington.
Hong Kong’s Securities and Futures Commission (SFC) has announced plans to issue more licenses for crypto asset exchanges by the end of 2024. This decision comes after a five-month evaluation period, during which only three platforms received full licenses and 11 held provisional licenses, raising initial concerns about the possibility of further approvals. Related Reading: […]
A new era will dawn at the Hong Kong Stock Exchange (HKEX) next month as the stock market introduces a pioneering index in Asia designed for crypto. Market analysts see this as a trailblazing initiative that will open new opportunities in the Asian financial hub as it integrates cryptocurrencies into the stock market. Related Reading: Gensler […]
As law firms and traditional finance companies cut back on office space, Yat Siu's Animoca is taking advantage of the renter’s market to expand its headquarters, reinforcing its commitment to Hong Kong as a global Web3 and digital culture hub.
The new index series from HKEX will offer a single reference price for Bitcoin and Ether, aligning with Asia-Pacific trading hours, and it aims to boost transparency in the digital asset market.
Hong Kong authorities expect to license more crypto exchanges before the end of this year, according to Financial Secretary Paul Chan. At the ongoing Hong Kong FinTech Week, Chan stated that the Securities and Futures Commission (SFC) is actively reviewing more platforms for potential licensing. The news indicates that more virtual asset service providers could […]
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HKEX said the index will provide investors with transparent and reliable benchmarks for Bitcoin and Ether pricing in the Asian time zone.
Hong Kong’s FSTB has unveiled a balanced AI policy approach for finance while the SFC preps new crypto OTC regulations.