Hong Kong

Bitget, a crypto trading platform, has abandoned ambitions to get a Virtual Asset Trading Platform (VATP) license in Hong Kong, citing business and market concerns. Bitget officially announced on November 13 that its Hong Kong division, BitgetX, accessible by the domain BitgetX.hk, will cease operations by December 13, 2023. The announcement notes that Bitget decided […]

Swiss investment banking company UBS Group AG has joined other banks, like HSBC Holdings Plc, in permitting Hong Kong-based clients to trade crypto-linked exchange-traded funds (ETFs). This decision aligns with Hong Kong’s efforts to become a hub for digital assets. Wealthy clients will be given access to three crypto-futures ETFs on UBS’s Hong Kong platform […]

Hong Kong, a historic financial hub, shifted focus to crypto retail, departing from its traditional money exchange reputation. The city is discussing involving retail investors in a crypto world through spot exchange-traded funds. This act is also in line with the aspirations of Hong Kong seeking to affirm its status as a vibrant crypto center. […]

Zodia, an institutional cryptocurrency custody platform co-owned by British bank Standard Chartered, the financial firm Northern Trust, and Japanese SBI Holdings, has launched its services in Hong Kong. According to a CNBC report on Oct. 29, Zodia CEO Julian Sawyer said the platform is expanding its services in Hong Kong in response to the growing […]

Hong Kong’s prominent index company, HKVAC, has declared the rebalancing results of its key cryptocurrency indexes, affecting several digital assets in its portfolio. These adjustments are set to take effect on the 20th of October, bringing changes to both HKVAC Key Indexes and HKVAC Market Indexes. Cryptocurrency Shuffling The company disclosed that it would be incorporating Hedera […]

The le­aders of the JPEX crypto exchange­, sought by Hong Kong police, remain at large. Authoritie­s have now sought the assistance of Inte­rpol to locate and apprehend the­m. In Hong Kong’s JPEX, alleged crypto exchange scandal’s masterminds evaded authorities; 11 were questioned, but none were apprehended. Some refer to this scandal as the­ largest financial […]

Hong Kong authorities de­tained an influential individual suspecte­d of promoting an unregistered crypto exchange and participating in JPEX trading. Moreover, law enforcement officials have­ revealed that the­y received more­ than 83 complaints concerning JPEX, leading to a financial loss of approximately HK$34 million up until now. Hong Kong police have arrested a Hong Kong internet […]

On 30 August, the Hong Kong Securities and Futures Commission (SFC) granted preliminary approval to the local arm of SEBA Bank, a Swiss-based crypto-friendly bank. The announcement comes amid a growing number of crypto projects in Hong Kong, showing the favorable environment for crypto assets in the financial hub. SEBA Hong Kong said its in-principle […]