HashKey plans to use a large portion of the proceeds for tech and infrastructure upgrades, market expansion and ecosystem partnerships.
The project expands Hong Kong’s ongoing trials linking tokenized deposits, money-market funds, and potential CBDC settlement.
The Hong Kong SFC said it will allow local crypto exchanges to share global order books with their overseas trading platforms.
China’s securities watchdog has informally told leading brokerages to pause RWA activity in Hong Kong as the city adopts a pro-tokenization path.
The operatives used bank accounts and over-the-counter crypto exchange shops in order to launder funds that included proceeds from scam operations.
Cryptocurrency traders in Hong Kong now have a choice of seven platforms for buying and selling four cryptocurrencies.
"Hong Kong’s 'one country, two systems' framework lets it explore digital asset innovation more freely," Ivan Ivanov told Cointelegraph.
Hong Kong’s Securities and Futures Commission expects to issue licenses to some of the 11 crypto firms pending registration in the region.
Previously, Hong Kong crypto buyers worth less than $1 million only had Bitcoin and Ether to choose from.
Hong Kong’s Securities and Futures Commission (SFC) has recently announced it will conduct in-site office inspections for the crypto platforms seeking licensing. The watchdog highlighted that the 18 “deemed-to-be-licensed” applicants would have to undergo the examination to receive approval of their application. Related Reading: ‘Play By The Rules’: New York Attorney General Issues New Warning […]
Hong Kong has recently been in the news due to crypto regulatory developments or the buzz around the possibility of spotting Bitcoin or Ethereum exchange-traded funds (ETF) launch in the coming months. On this occasion, the digital asset’s hub made the headlines after a crypto trading meeting between teenagers ended with the police’s involvement and […]