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Hong Kong Regulator Gives Greenlight to Wider Retail Virtual Asset Investments With Applicable Safeguards
23.10.2023
Hong Kong’s financial regulators The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have released new guidelines on how intermediaries are to conduct virtual asset-related activities in light of new market developments....
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Hong Kong Reverses Stance on Spot-Crypto, ETF Investing, With a Catch
23.10.2023
Hong Kong's financial regulators have overturned previous guidance that limited the sale of spot crypto products to professional investors. But there's a catch
Hong Kong FinTech Week 2023 “Fintech Redefined.”
23.10.2023
Invest Hong Kong (InvestHK) on October 18 unveiled details of Hong Kong FinTech Week 2023 (HKFW). The eighth edition of HKFW, themed “Fintech Redefined.” will occur from October 30 to November 5. This flagship event lies at the core of global fintech innovations and aims to shape...
Hong Kong Customs Chief Addresses Money-Laundering Risks in Crypto Exchanges Post JPEX Scandal
23.10.2023
Hong Kong's Commissioner of Customs and Excise, Louise Ho Pui-shan, has called for increased oversight and regulatory measures in response to mounting money-laundering risks within the crypto sector.
This call to action comes amid the HK$1.5 billion ($191 million) JPEX scandal that exposed...
Hong Kong Regulators Restrict Retail Investor Access to ‘Complex’ Crypto Products
23.10.2023
The securities regulator and the central banking institution of Hong Kong have updated the region’s crypto policy in response to enquiries from the industry. In a circular on the virtual asset-related activities of intermediaries, the authorities introduced additional measures to protect retail...
Hong Kong’s SFC Moves to Update Crypto Market Regulations Following New Market Developments
21.10.2023
Hong Kong's Securities and Futures Commission (SFC) has announced plans to update its framework on cryptocurrency sales and requirements amid the evolving market development of the digital asset industry.
In the regulator’s upcoming amendment notice published on October 20, five major parts were...
Hong Kong securities regulator updates crypto policies, citing market developments
20.10.2023
The notice came more than a month after more than a thousand users reported losses from the JPEX crypto exchange
Bitmain’s revenge, Hong Kong’s crypto rollercoaster: Asia Express
20.10.2023
Bitmain allegedly fires staff for speaking out against salary cuts, Hong Kong investors lose faith in crypto after the JPEX scandal, Bitget gets a new crypto credit card and more
Hong Kong’s attitude toward crypto sours after JPEX saga: Survey
18.10.2023
41% of respondents said they prefer not to hold virtual assets or cryptocurrencies — up 12 percentage points from an earlier study
BC Technology Denies Report of $128M Crypto Exchange Sale
17.10.2023
Firm calls report by Bloomberg “factually inaccurate and highly misleading.”
JPEX Scandal Undermines Trust in Crypto Among Hong Kongers, Survey Reveals
17.10.2023
Attitudes toward crypto in Hong Kong have taken a hit, as a new survey reveals a growing aversion to virtual assets in the aftermath of the JPEX scandal.
This shift in sentiment poses significant challenges to Hong Kong's aspirations to establish itself as a global hub for the cryptocurrency...
Hong Kong's OSL Crypto Exchange Explores Sale at $128 Million Valuation
16.10.2023
Hong Kong-based BC Technology Group Ltd. is reportedly in the early stages of considering the sale of its crypto exchange platform OSL.
OSL is one of only two exchanges in Hong Kong licensed under the digital-asset rules introduced by the city in June.
As per the Bloomberg report, BC Technology...
Hong Kong-Based Crypto Exchange OSL's Owner Weighing Sale at $128M Valuation: Bloomberg
16.10.2023
BC Technology may elect to sell parts of OSL's business rather than the whole entity, according to the report, citing people familiar with the matter
Hong Kong Retail Investors More Interested in Crypto Than Ever Before, Reveals SFC Survey
12.10.2023
Hong Kong's retail investors' interest in cryptocurrencies has recorded a significant surge this year, according to a recent survey by the Investor and Financial Education Council (IFEC), a subsidiary of the Securities and Futures Commission (SFC), Hong Kong’s securities regulator.
The survey...
Less than 50% of Hong Kong retail crypto investors aware of relevant regulations: Survey
11.10.2023
Hong Kong has allowed retail crypto trading since June
Hong Kong Monetary Authority Advances e-HKD Tests, Mbridge Project
11.10.2023
The Hong Kong Monetary Authority (HKMA) has recently completed a series of tests regarding the programmability of the e-HKD, the proposed Hong Kong central bank digital currency (CBDC). While still in its initial phases, the e-HKD presents “interesting” use cases, HKMA CEO Eddie...
China Debuts Digital Yuan Interconnection With Hong Kong Payment System During 19th Asian Games
10.10.2023
The Chinese digital yuan, China’s central bank digital currency (CBDC), now features an interconnection with the Hong Kong payment system, allowing tourists coming to mainland China to purchase and top up a digital yuan wallet. The system, created by the Digital Currency Research Institute...
Hong Kong Police Issues Warning After Binance Users Lose $450K in Phishing Scams
10.10.2023
The Hong Kong police force has issued an alert after 11 Binance users in the region fell victim to phishing scams, losing over $450,000 combined.
Through its CyberDefender program, Hong Kong police warned that fraudsters impersonating Binance sent texts claiming accounts needed verification...
Binance users in Hong Kong lose $450K in wave of fraud texts: HK police
10.10.2023
Hong Kong police have issued a warning concerning a recent Binance phishing scam, targeting Hong Kong users of the platform
Today in Crypto: Avant Arte & Yuga Labs Set to Bring 10,000 CryptoPunks Into the Physical Realm, Pfizer-backed VitaDAO Launches Biotech Firm for Longevity Experiments on Animals
9.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Avant Arte & Yuga Labs Set to Bring 10,000 CryptoPunks Into the Physical Realm, Pfizer-backed VitaDAO...