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Hong Kong's Web3 Sector Gets HK$50 Million Boost in Annual Budget – Here's the Latest
22.2.2023
In line with the Chinese city’s plans to establish itself as a leading crypto hub in Asia, Hong Kong’s authorities have unveiled plans to set aside HK$50 million (US$6.4 million) in the territory’s 2023-2024 budget with the aim to boost the capacities of its Web3 sector....
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Hong Kong Backs Web3 With $6.4M in Annual Budget
22.2.2023
The city's Financial Secretary will lead a task force dedicated to development of virtual assets
Today in Crypto: 'Crypto Trading Activity Increased Markedly in the Wake of Terra & FTX Falls', Huobi Moving from Singapore to Hong Kong, Swarm Launches Tradable Stocks and Bonds On-chain
21.2.2023
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: 'Crypto Trading Activity Increased Markedly in the Wake of Terra & FTX Falls', Huobi Moving from Singapore...
Crypto Hub in the Making: Hong Kong Pushes Forward with Plans for Retail Crypto Trading
21.2.2023
In a push toward reclaiming its position as the world's crypto hub, Hong Kong has outlined plans to allow retail investors to trade certain digital currencies on licensed exchanges.
On Monday, Hong Kong's Securities and Futures Commission (SFC) published a consultation paper on its proposed...
Hong Kong’s Approach to Crypto Regulation Could Attract Capital, Talent to Asia: Bernstein
21.2.2023
The Securities and Futures Commission is adopting a “regulate to protect” approach to digital assets, the report said
How Hong Kong Is Gearing Up to Regulate Stablecoins
21.2.2023
Requiring foreign entities who have already issued stablecoins to set up a Hong Kong entity for issuing stablecoins might throw up complications
Hong Kong’s crypto ambition gets subtle nod from Beijing: Report
21.2.2023
While China has cracked down on cryptocurrencies in the mainland, it's apparently taking a softer approach to Hong Kong's crypto hub aspirations
Crypto in Hong Kong Getting Soft Backing From Beijing: Bloomberg
21.2.2023
Report says officials from China’s Liaison Office have been spotted at crypto events in the City
Huobi crypto exchange aims to expand to Hong Kong amid regulatory changes
20.2.2023
The cryptocurrency exchange recently cut 20% of its staff, but now it will increase personnel in Hong Kong from 50 to 200
Today in Crypto: ‘Many Existing Stablecoins Would Not Meet Coming Standards’, Fireblocks to Launch Off-exchange Service, Stellar & USDC Added to Wirex Wallet
20.2.2023
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: ‘Many Existing Stablecoins Would Not Meet Coming Standards’, Fireblocks to Launch Off-exchange Service...
Hong Kong outlines upcoming crypto licensing regime
20.2.2023
Hong Kong’s Securities and Futures Commission is calling for public consultation over plans to allow licensed cryptocurrency exchanges to serve retail investors
Hong Kong Proposes Rules for Crypto Trading Platforms
20.2.2023
Service platforms that do not plan to apply for a license should start preparing for closure in the jurisdiction, Hong Kong's securities regulator said
Southeast Asia’s Largest Bank DBS Sees 80% Increase in Bitcoin Trading Volume on Its Crypto Exchange
20.2.2023
The largest bank in Southeast Asia, DBS, has revealed that bitcoin trading volume on its cryptocurrency exchange jumped 80% in 2022 while ether trading volume surged 65%. “We believe that the market has decisively shifted its focus towards trust and stability, especially in the wake...
First Mover Asia: Bitcoin Opens the Week Testing $25K
20.2.2023
Also: Hong Kong will unveil its new crypto licensing framework for Virtual Asset Service Providers in June, but the regulation will not allow retail investors to trade digital, contrary to what a recent tweet suggests. The regulation focuses on accredited, professional investors
Crypto’s next bull run will come from the East: Gemini co-founder
20.2.2023
Gemini co-founder Cameron Winklevoss believes the next crypto bull run will come from Asia, while America has two options — embrace crypto or be left behind
No, Hong Kong Won’t Be Allowing Retail Traders Access to Crypto on June 1
17.2.2023
A tweet suggesting the city will make crypto “fully legal” for all citizens is a misreading of the legislation
China Begins Hong Kong ‘Cross-Border’ Digital Yuan Pilot
17.2.2023
Shenzhen, China, has begun a retail-focused “cross-border” digital yuan pilot with Hong Kong.
China Banking and Insurance News (via JRJ) reported that the event is the brainchild of the central People’s Bank of China (PBoC) and the Luohu District local government. Luohu is located close to Hong...
Hong Kong issues HK$800m in tokenized green bonds
16.2.2023
The bonds were underwritten by four banks and priced at a yield of 4.05%
Bitcoin soars above $24K as traders look for Hong Kong’s decision
16.2.2023
Bitcoin recently came to life as regulations surrounding digital assets are in the works. Experts believe that this news is only part of the ongoing hike. On the other hand, the crypto industry can expect constant regulatory volatility throughout the year. Traders are also keenly looking forward...
Hong Kong Successfully Offered Inaugural $100M Tokenized Green Bond
16.2.2023
Hong Kong's central bank had been exploring tokenization of green bonds since at least 2021