Hong Kong
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. […]
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 […]
Cryptocurrency Shake-Up: HKVAC’s Major Index Rebalancing for 2023
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 […]
JPEX Scandal Masterminds Remain Uncaught: 11 Suspects in Custody, Report
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 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 […]
SEBA Bank Receives In-Principle Approval From Hong Kong To Provide Crypto Services
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 […]