Devising clear rules for the industry is important, but it can also help to wait for others to move first, argues Chiu.
The securities regulator wants to hire staff for market surveillance and enforcement investigations.
Hong Kong is using tokenized legal notices to target anonymous crypto wallets containing stolen assets.
One step at a time. This could be the mantra of the Hong Kong-based crypto exchange firm HashKey as the company strives to broaden its reach across the world. HashKey might be getting closer to expanding its global reach after the company secured a provisional license to provide crypto brokerage services in Dubai. Related Reading: […]
The initiative will initially focus on tokenized deposits with the HKMA providing support to local banks for trials.
A venture capitalist who was one of the first investors in Solana says building liquidity is now key to Hong Kong’s development as a crypto hub.
Politicians in Germany and Hong Kong have signaled their interest in adopting strategic Bitcoin reserves for their nations.
The People’s Bank of China (PBOC) digital currency cryptocurrency regulation’s importance in its recently published 2024 Financial Stability Report. This reiteration is particularly noteworthy given the contrasting approach of crypto between mainland China and Hong Kong. Notably, while mainland China maintains its strict ban on cryptocurrency trading and mining, Hong Kong continues to diverge by actively […]
A Hong Kong legislator has proposed leveraging the “one country, two systems” framework to add Bitcoin to its national reserve for financial stability.
Hong Kong lawmaker Wu Jie has urged the city-state’s government to consider integrating Bitcoin into its fiscal reserves, a local media outlet reported. The report showed that Wu proposed that the Hong Kong Special Administrative Region (SAR) explore the inclusion of cryptocurrencies in its fiscal reserves and leverage foreign exchange funds to acquire and hold […]
The post Hong Kong lawmaker advocates including Bitcoin in national reserves appeared first on CryptoSlate.
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. […]
The post Hong Kong approves 4 new crypto trading platform licenses in regulatory push appeared first on CryptoSlate.
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 […]
The post Hong Kong’s path to crypto-friendly leadership expands with tax framework adoption appeared first on CryptoSlate.
"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 […]
The post Hong Kong lawmaker questions government’s stance on Bitcoin amid rising global significance appeared first on CryptoSlate.
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 […]
The post Hong Kong races ahead with new stablecoin regulatory framework appeared first on CryptoSlate.
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 […]
The post Hong Kong watchdog issues warning about foreign entities pretending to be crypto ‘banks’ appeared first on CryptoSlate.
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.