SFC

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
Floki Responds to Hong Kong SFC Warning on Staking Programs
Crypto

Floki Responds to Hong Kong SFC Warning on Staking Programs

Floki has provided a comprehensive response to the public warning from the Hong Kong Securities and Futures Commission (SFC) concerning its staking programs, addressing the concerns raised by the regulatory body. We just published a response to the Hong Kong SFC's notice about the Floki and TokenFi staking programs. Our response highlights our thoughts about […]

Jan. 30, 2024
Hong Kong Receives First Spot Bitcoin ETF Application From Harvest Fund
Bitcoin

Hong Kong Receives First Spot Bitcoin ETF Application From Harvest Fund

Hong Kong has reportedly received its first application for a spot Bitcoin (BTC) exchange-traded fund (ETF) just two weeks after the United States Securities and Exchange Commission approved the first spot BTC ETF in the US. According to a Jan. 29 Tencent report, the Hong Kong branch of Harvest Fund Management, a major Chinese asset […]

Jan. 29, 2024
Hong Kong Flags “TokenFi” and “Floki” Staking Programs
Crypto

Hong Kong Flags “TokenFi” and “Floki” Staking Programs

Hong Kong’s Securities and Futures Commission (SFC) cautioned investors against two “suspicious” investment offerings named “TokenFi Staking Program” and “Floki Staking Program.”  Both products affiliated with the Floki ecosystem offer crypto staking. These programs claim to offer high annualized return targets ranging from 30% to over 100%. However, the SFC emphasized that neither of the […]

Jan. 29, 2024
UBS Opens Crypto ETF Trading For Wealthy Clients In Hong Kong
Crypto

UBS Opens Crypto ETF Trading For Wealthy Clients In Hong Kong

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 […]

Nov. 11, 2023
Hong Kong Explores Retail Access to Spot Crypto ETFs: Report
Crypto

Hong Kong Explores Retail Access to Spot Crypto ETFs: Report

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. […]

Nov. 7, 2023
Standard Chartered’s Crypto Custody Platform Zodia Launches In Hong Kong
Crypto

Standard Chartered’s Crypto Custody Platform Zodia Launches In Hong Kong

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 […]

Oct. 31, 2023
Crypto Chaos In Hong Kong, Regulatory Ripples Follow JPEX Scandal: Report
Crypto

Crypto Chaos In Hong Kong, Regulatory Ripples Follow JPEX Scandal: Report

Hong Kong authorities are intensifying their crackdown on the cryptocurrency market following the arrest of six individuals in connection with allegations of fraud at an unlicensed crypto exchange, JPEX. Hong Kong Vows to Tighten Crypto Asset Regulations As reported by the Associated Press, Hong Kong’s leader announced on Tuesday that the territory will be implementing stricter regulations […]

Sep. 20, 2023
Hong Kong Targets JPEX Crypto: Influencer Charged
Crypto

Hong Kong Targets JPEX Crypto: Influencer Charged

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 […]

Sep. 18, 2023