Hong Kong

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 […]

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 […]

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 […]

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 […]

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 […]

Johnny Ng, a Hong Kong lawmaker leading in the crypto field, took to the social media handle and expressed his opinion on spot Bitcoin-based ETFs getting a nod in the United States. In a recent X post, he expressed that Hong Kong should also take the initiative and lead this area. The Bitcoin conference, the […]

The Hong Kong Monetary Authority (HKMA) Chief Executive, Yu Weiman, announced the upcoming collaboration with the government to organize the “Green Finance Week” scheduled for February next year. According to the report, the focal point of this initiative is the coordination of a global climate business forum in partnership with the International Finance Corporation, an […]

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 […]