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Hong Kong Chief Says Regulators May Get Powers to Crack Down on Unlicensed Crypto Exchanges: Report
28.11.2023
The Securities and Futures Commission said it does not have the power to close unlicensed crypto exchanges
Hong Kong Police Receive 145 Complaints of Hounax Crypto Scam Totaling $18.9M
28.11.2023
Hong Kong authorities confirm 145 victims and nearly $19 million lost in crypto scam involving unlicensed exchange Hounax. Image by Alexey Novikov, Adobe Stock. Authorities in Hong Kong have confirmed that 145 individuals filed complaints regarding losses from an unlicensed cryptocurrency exchange...
Today in Crypto: Hong Kong Will Use ‘All Available Methods’ to Fight Crypto Scams, Americans are ‘Much More Open to Potential of Crypto Than Brits’
28.11.2023
Source: AdobeStock / Vitalii Vodolazskyi Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Regulation news Hong Kong authorities may give regulators more power to fight cryptocurrency scams and will...
Hong Kong authorities say 145 victims and $18.9M lost in Hounax scam
28.11.2023
Authorities in Hong Kong confirmed there were 145 affected users scammed on the unlicensed crypto exchange Hounax, resulting in $18.9 million in lost funds
Hong Kong Authorities Investigate $15.4 Million Scam on Hounax: Report
27.11.2023
Source: Pixabay Police in Hong Kong have begun investigating the crypto trading platform after more than 130 people said they had been scammed. South China Morning Post reported on Saturday that Hong Kong authorities had vowed to make arrests soon in light of reports of over $15.4 million being...
Crypto exchange grace period to remain unchanged in Hong Kong despite scandals
27.11.2023
The recent JPEX and Hounax exchange scandals have resulted in losses exceeding $100 million
Binance-linked HKVAEX still preparing to apply for license in Hong Kong
27.11.2023
HKVAEX and VAEXC are different crypto platforms in Hong Kong and have nothing to do with each other, a HKVAEX representative said
Binance-Linked Crypto Exchange HKVAEX Applies for Virtual Asset Trading Platform License in Hong Kong
27.11.2023
Image Source: Pixabay Crypto exchange HKVAEX, which is reportedly backed by Binance, has applied for a virtual asset trading platform license with Hong Kong’s Securities and Futures Commission (SFC). According to Hong Kong’s lists of virtual asset trading platforms, HKVAEX submitted...
Hong Kong Government Accelerates Cryptocurrency Product Approvals Following JPEX Rugpull: OSL Compliance Exchange
27.11.2023
Image Source: Pixabay The JPEX incident has prompted the Hong Kong government to expedite the approval process for cryptocurrency products to promote compliance in the industry. According to OSL Compliance Exchange, a licensed virtual asset platform, financial technology solution providers have...
Hong Kong’s Victory Securities to Offer Digital Asset Services in Retail Markets
24.11.2023
Source: Pixabay Hong Kong’s investment management firm, Victory Securities has obtained approval to offer digital asset services to retail clients expanding the country’s number of cryptocurrency licences. In a Nov 24 press release, the company made the announcement that it obtained a license from...
Today in Crypto: Binance Shows Greater Net Flows Resilience, Capital is Flowing Out of US into Asia, OKX Applies for Hong Kong VATP License
24.11.2023
Source: AdobeStock / Diego Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Market news Contrasting with the crisis experienced by exchanges like FTX, Binance has demonstrated greater resilience...
Interactive Brokers Hong Kong licensed in Hong Kong for retail virtual asset trading
24.11.2023
Interactive Brokers Hong Kong was approved for a license in Hong Kong for virtual asset trading for retail clients, as announced by the regional managing director on LinkedIn
Binance US Guilty Plea May Raise Complications for Hong Kong Affiliate’s Crypto License Application- Here’s What You Need to Know
24.11.2023
Source: Pixabay According to several industry experts, Binance and its founder, Changpeng Zhao (CZ), pleading guilty to US anti-money laundering laws could pose challenges to the cryptocurrency exchange’s ambitions in Hong Kong. On November 21, Changpeng Zhao stepped down as CEO of Binance...
Hong Kong Investment Firm Victory Securities Obtains Retail Crypto Trading License
24.11.2023
The publicly traded company joins crypto-native firms HashKey Exchange and OSL Digital Securities with a license
Hong Kong to use AI against superbugs and antibiotic overprescription
24.11.2023
The COVID-19 pandemic brought a significant rise in broad-spectrum antibiotic prescriptions, leading to antibiotic resistance development within superbugs
Digital Hong Kong Dollar Pilot Plan to Enter Second Phase Next Year
20.11.2023
Source: HKMA The Hong Kong Monetary Authority (HKMA) is set to initiate the second phase of its digital Hong Kong Dollar project next year, focusing on the exploration of innovative applications and reinforcing collaborations across the financial industry. During the Fintech Foresight Seminar held...
China Asset Management Signs MoU with Hashkey Exchange to Promote Web3 in Hong Kong
20.11.2023
Source: LT/Adobe China Asset Management’s Hong Kong branch has entered into a memorandum of understanding with Hashkey exchange and HamsaTech Hong Kong. The collaboration aims to jointly foster and develop Web 3.0 initiatives within the asset management sector in Hong Kong. Hong Kong Looks...
People’s Bank of China Tests Digital Yuan Payment Integration in Hong Kong
18.11.2023
The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) are in the second phase of the integration tests of the digital yuan for payments and cross-border transactions in Hong Kong. This new phase includes more banks and the ability to use the Fast Payment System to...
Web3 Social Company Sleek Announces $5 Million Seed Round
17.11.2023
Source: Pixabay Hong Kong-based Web3 social company Sleek has revealed a $5 million seed round, with the fundraising valuing the company at $50 million. In a press release published on Friday, the company said that it had secured funds through a Simple Agreement for Future Tokens (SAFT), granting...
Futu Holdings Subsidiary PantherTrade Seeks Crypto Trading Platform License in Hong Kong
17.11.2023
Source: Pixabay So far six companies, including Panthertrade (Hong Kong) Limited, a subsidiary of Futu Holdings (US: FUTU),have filed for a virtual asset trading platform license in Hong Kong. PantherTrade recently submitted its application, unveiling plans for a platform named...