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Today in Crypto: Bank of England to Reject Revolut's Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise Funds at $1BN Valuation, Ledger Co-founder Calls Recover Service Launch a 'Horrible Mess'
19.5.2023
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: Bank of England to Reject Revolut's Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise...
Crypto Firm Hashkey Eyes $1 Billion Valuation, Capitalizing on Hong Kong's Digital Shift
19.5.2023
Hong Kong-based digital asset firm HashKey Group aims to raise funds at a valuation of more than $1 billion.
The company is in early-stage talks to raise $100 million to $200 million from potential investors, Bloomberg reported Friday, citing people familiar with the matter.
The deal...
Digital Asset Firm HashKey Group Looks to Raise up to $200M at $1B Valuation: Bloomberg
19.5.2023
The firm is looking to capitalize on Hong Kong's re-emergence as a potential crypto hub as the city has looked to formulate a clear regulatory structure for digital assets
Hong Kong Launches Digital Currency Pilot With 16 Firms Including HSBC, Bank of China, Alipay
19.5.2023
The Hong Kong Monetary Authority (HKMA) has announced the commencement of its e-HKD pilot which “will take deep dives into potential use cases in six categories.” The pilot paves the way for “the possible implementation of a retail central bank digital currency (CBDC),” the central banking...
Ripple, Visa join HK CBDC pilot, Huobi accusations, GameFi token up 300%: Asia Express
19.5.2023
Mastercard and Visa join Hong Kong’s CBDC pilot, new instalment in Justin Sun’s Huobi soap opera, and a GameFi token pumps on no news
Today in Crypto: Binance Faces Issues in Australia & Joins Hands with TradingView, Ripple Reveals a CBDC Platform, Montenegro Prosecutors Appeal Do Kwon & Han Chang-Joon's Bail Terms
18.5.2023
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: Binance Faces Issues in Australia & Joins Hands with TradingView, Ripple Reveals a CBDC Platform...
Chinese State-Owned Greenland Eyes Hong Kong Virtual Asset Trading License
18.5.2023
Chinese state-owned real estate firm Greenland Holdings has expressed interest in joining Hong Kong's digital assets hub.
A May 17 report by South China Morning Post (SCMP) revealed that Greenland is creating a new unit to acquire virtual assets trading licenses in Hong Kong.
The firm’s fintech...
Ripple Starts Platform for Central Banks to Issue Their CBDCs
18.5.2023
The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority's e-HKD pilot
Ripple to demonstrate tokenization in HKMA e-HKD pilot program using new CBDC platform
18.5.2023
The Hong Kong Monetary Authority is looking at retail CBDC use cases, such as the equity release of tokenized real estate assets with Ripple’s new CBDC product
China state-owned Greenland to apply for Hong Kong virtual asset trading license
17.5.2023
The real estate developer’s fintech unit already has a digital banking license in Singapore; “We are ready to step into Hong Kong,” CEO says
Today in Crypto: Ripple Acquires Metaco, Tether to Buy BTC Monthly Using Realized Profits, WazirX Claims Binance Controls WRX
17.5.2023
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: Ripple Acquires Metaco, Tether to Buy BTC Monthly Using Realized Profits, WazirX Claims Binance Controls...
Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong
17.5.2023
Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications
Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says
10.5.2023
Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms....
State-sponsored Chinese AI firm launches bot service to ‘surpass’ ChatGPT
8.5.2023
Chinese tech company Iflytek recently made waves with the launch of its “Spark Model,” an AI system it says will surpass ChatGPT by the end of the year
Hong Kong to step in as ‘options are dwindling’ globally — FinTech chair
8.5.2023
Neil Tan, Chair of the FinTech Association of Hong Kong, said the opening of the financial industry to digital assets was “just a natural progression."
China’s crypto stance unchanged by moves in Hong Kong, says exec
5.5.2023
Crypto developments in Hong Kong do not mean China has softened or will soften its approach to regulating Bitcoin
Coinbase remains '100% committed' to US market: Armstrong
5.5.2023
The Coinbase CEO has a lot of faith in Congress in making a “clear rule book” for crypto firms to follow. But the SEC? Not so much
Today in Crypto: Nigeria's Government Approves a National Blockchain Policy, CEX Trade Volumes Fall for 1st Time in 3 Months, INX Works with BitGo to Launch a Pilot Wallet Management Solution for Regulated Security Tokens
4.5.2023
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: Nigeria's Government Approves a National Blockchain Policy, CEX Trade Volumes Fall for 1st Time in...
Hong Kong regulator requires banks to open accounts for crypto firms
28.4.2023
Hong Kong’s central bank has urged banks to provide services to crypto firms even before they receive the license
Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms
28.4.2023
Crypto companies have complained that opening bank accounts in the jurisdiction is difficult