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Hong Kong SFC considers allowing Ether staking for ETF issuers
23.5.2024
SFC reportedly held discussions with the country's crypto ETF issuers about providing staking services via licensed platforms
Hong Kong’s PCPD orders Worldcoin to wind up its business
23.5.2024
The Office of the Principal Commissioner for Personal Data (PCPD) has ordered Worldcoin to close its doors owing to the ongoing investigation into the company, which began in early 2024. Interestingly, Worldcoin is a crypto exercise that was co-founded by Sam Altma, the CEO of OpenAI. In early...
Hong Kong central bank studies AI's impact on banking jobs and skills
23.5.2024
HKMA deputy chief executive Arthur Yuen said that enhancing employees' skills would allow them to “coexist with technology in the AI era.”
Gate.io Pulls Plug on Hong Kong Venture, Abandons Trading License Application
23.5.2024
Gate.io's Hong Kong entity, Gate.HK, is winding down its operations. It has also withdrawn its application for a crypto trading platform license in the region.
The post Gate.io Pulls Plug on Hong Kong Venture, Abandons Trading License Application appeared first on Cryptonews
Hong Kong Regulator: Worldcoin Activities Violated Privacy Ordinance
23.5.2024
The Hong Kong data regulator recently concluded that Worldcoin’s data collection methods and activities violated the region’s “privacy ordinance.” Privacy Commissioner Chung Liling has issued an enforcement notice requesting Worldcoin to cease data collection from Hong Kong...
Hong Kong Police Arrest 100 Fraud Suspects and Recovers Over HK$180 Million
22.5.2024
Hong Kong police have arrested 100 individuals in a significant crackdown on fraud and money-laundering syndicates, recovering over HK$180 million (US$24.2 million) from 295 victims.
The post Hong Kong Police Arrest 100 Fraud Suspects and Recovers Over HK$180 Million appeared first on Cryptonews
Godzilla vs. Kong: SEC faces fierce battle against crypto’s legal firepower
22.5.2024
The SEC has decided to take on half the crypto industry at once. That could be a fatal error given the industry’s combined legal firepower
Worldcoin Operations Violate Privacy and Should Cease, Hong Kong Regulator Says
22.5.2024
Privacy Commissioner for Personal Data personnel visited 10 of the project's locations in December and January
Worldcoin Ordered to Cease Operations in Hong Kong Over Privacy Compliance Issues
22.5.2024
Hong Kong’s privacy watchdog on Wednesday instructed OpenAI founder Sam Altman’s Worldcoin project to halt all activities in the region. This includes scanning and collecting iris and facial images from the public using iris-scanning devices.
The post Worldcoin Ordered to Cease Operations in Hong...
Worldcoin ordered to stop operations in Hong Kong
22.5.2024
The PCPD ruled that Worldcoin’s retention of sensitive biometric data, including face and iris images, for up to 10 years solely for AI model training was unjustified
Hong Kong Police Arrest Three in HK$5.1 Million Virtual Investment Talk Show Ticket Scam
21.5.2024
Hong Kong police have arrested three individuals linked to a fraud syndicate that allegedly defrauded at least 10 residents out of HK$5.1 million (US$653,900) by deceiving the victims into bidding for fake tickets to a virtual investment talk show with the intention of reselling them for...
US Spot Bitcoin ETFs Maintain Momentum With Sixth Day of Positive Gains
21.5.2024
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 Inflows as U.S. Bitcoin ETFs Gain $237 Million Spot...
Crypto exchanges exit Hong Kong license race ahead of May deadline
21.5.2024
The queue of crypto exchanges for operational licenses in Hong Kong is shrinking as seven exchanges, including IBTCEX and Huobi HK, withdraw applications ahead of the May 31 deadline
Hong Kong Police Arrest Three in ‘Hell Money’ Cryptocurrency Scam
21.5.2024
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) worth of cryptocurrency in exchange for cash....
HKIIF Chair Advocates for Hong Kong to Develop CNY-Pegged Stablecoin
20.5.2024
Xiao Geng states that the creation of a CNY-pegged stablecoin could expand the offshore Chinese yuan market and elevate Hong Kong’s status in the global financial sector.
The post HKIIF Chair Advocates for Hong Kong to Develop CNY-Pegged Stablecoin appeared first on Cryptonews
Hong Kong Launches Personal e-CNY Wallets For Cross-Border Payments
17.5.2024
The e-CNY, also referred to as the digital yuan, is China's state-backed digital currency, and users can now open digital wallets and store it outside of mainland China in Hong Kong.
The post Hong Kong Launches Personal e-CNY Wallets For Cross-Border Payments appeared first on Cryptonews
Lackluster Performance for Hong Kong Bitcoin ETFs Since Launch
17.5.2024
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 ETFs’ First Weeks On Thursday, the spot bitcoin ETFs...
China Expands Digital Yuan Pilot: Hong Kong Residents Can Now Set up E-CNY Wallets Locally
17.5.2024
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 Payment System (FPS), marking the first global...
Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets
17.5.2024
The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers
Crypto ETF race intensifies with US and Hong Kong spot crypto ETFs
17.5.2024
Other countries and global markets will soon join the digital asset race, including Australia. Recently, the American Securities and Exchange Commission approved spot Bitcoin ETFs. Hong Kong also took a similar initiative, approving spot Ether Exchange Traded Funds. The US performed better than...