Hong Kong

Hong Kong SFC Approves Spot Bitcoin & Ethereum ETFs : Report
Bitcoin

Hong Kong SFC Approves Spot Bitcoin & Ethereum ETFs : Report

In a significant development for Hong Kong’s crypto market, the Securities and Futures Commission (SFC) has given the green light to several spot Bitcoin and Ethereum exchange-traded funds (ETFs). This decision marks a milestone in the region’s crypto landscape, paving the way for greater accessibility and legitimacy in digital asset investments. On Monday during the […]

Apr. 15, 2024
Bitcoin ETFs in Hong Kong could surge demand to $25 Billion
Bitcoin

Bitcoin ETFs in Hong Kong could surge demand to $25 Billion

In a significant development for the cryptocurrency market, Hong Kong is on the verge of approving a spot Bitcoin exchange-traded fund (ETF), marking a milestone in the convergence of traditional finance and digital assets. Hong Kong’s Matrixport, a provider of cryptocurrency services in Singapore, indicated that Hong Kong authorities’ prospective approval of Bitcoin Spot ETF […]

Apr. 14, 2024
Hong Kong Approves Launch of Bitcoin and Ether ETFs
Crypto

Hong Kong Approves Launch of Bitcoin and Ether ETFs

As early as Monday, Hong Kong is set to greenlight the launch of new exchange-traded funds (ETFs) that will directly invest in Bitcoin and Ether. This major development involves key financial players, such as an international branch of China’s Harvest Fund Management Co. and a partnership between Bosera Asset Management (International) Co. and HashKey Capital. […]

Apr. 13, 2024
ZA Bank in Hong Kong Explores Stablecoin Partnerships
Crypto

ZA Bank in Hong Kong Explores Stablecoin Partnerships

ZA Bank, a digital bank in Hong Kong, is in talks with potential stablecoin issuers about opening accounts to hold the cash reserves backing these cryptocurrency tokens. This development was reported by Bloomberg, citing Devon Sin, the General Manager of Business Banking and lending at ZA Bank. Sin evidenced that the company handles five to […]

Apr. 7, 2024
Binance HKVAEX Withdraws License Application in Hong Kong After Deadline
Crypto

Binance HKVAEX Withdraws License Application in Hong Kong After Deadline

HKVAEX,  linked to the world’s largest crypto exchange Binance, which goes by its company name, BX Services Ltd, has withdrawn its virtual asset trading platform license application. The SFC website now lists BX Services Ltd among the companies whose license applications have been returned, refused, or withdrawn in Hong Kong. On Thursday, March 28, this […]

Mar. 30, 2024
SFC Takes Action: Hong Kong Cracks Down on fake Crypto Exchanges
Crypto

SFC Takes Action: Hong Kong Cracks Down on fake Crypto Exchanges

The Securities and Futures Commission (SFC) of Hong Kong issued a public warning on March 4 about fraudulent websites executing as licensed crypto exchanges. A notice highlighted that multiple websites mimic the appearance and branding of Hash Blockchain Limited and OSL Digital Securities Limited to deceive users. Hash and OSL are the only two exchanges with […]

Mar. 4, 2024
HashKey OTC Secures Major Payment Institution License
Crypto

HashKey OTC Secures Major Payment Institution License

In a historic event for the cryptocurrency sector, Hong Kong-based HashKey Group’s over-the-counter division, HashKey OTC, has received a Major Payment Institution license from the Monetary Authority of Singapore (MAS). Announced on February 28, this crucial milestone brings to light the crypto industry’s renewed emphasis on regulatory compliance, given global regulatory scrutiny during this period. HashKey […]

Feb. 29, 2024
Hong Kong Authorities Unmask Crypto Scam Involving ‘MEXC’ 
Crypto

Hong Kong Authorities Unmask Crypto Scam Involving ‘MEXC’ 

The Hong Kong Securities and Futures Commission (SFC) and the Police have collaborated to issue a joint statement alerting the public to a suspected scam involving a fraudulent entity masquerading as the crypto asset trading platform “MEXC.” Exposing the ‘MEXC’ Scam The SFC and the Police also stated that, in this regard, both parties are […]

Feb. 10, 2024
Hong Kong Initiates Investigation into Worldcoin Over Privacy Concerns
Crypto

Hong Kong Initiates Investigation into Worldcoin Over Privacy Concerns

The Hong Kong Office of the Privacy Commissioner for Personal Data (PCPD) has initiated an investigation into Worldcoin, an iris biometric crypto project founded by OpenAI’s CEO Sam Altman. Local media outlet HKET reported that PCPD investigated six Worldcoin offices using a court warrant on Jan.31. The privacy watchdog also requested the operators to share […]

Feb. 1, 2024