First Mover Asia: Hong Kong as Crypto Hub? The City's Strict Banking Requirements May Be an Obstacle

2023-6-16 03:08

A Hong Kong-based entrepreneur says that while the digital assets regulation is "overall friendly," banking regulations will make the industry's growth there difficult. ALSO: Bitcoin surges post-BlackRock iShares ETF filing but the rally sputters.

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hong banking make industry growth regulations overall

Источник: coindesk.com

hong banking → Результатов: 45


Hong Kong regulator urges banks to accept crypto clients

The Hong Kong Monetary Authority (HKMA) is encouraging banking giants to accept crypto exchanges as clients, the Financial Times reported on June 15. While no restrictions hold Hong Kong banks back from accepting crypto clients, banks are wary of drawing regulatory scrutiny in case their clients are found ed in any criminal activities, the report […] The post Hong Kong regulator urges banks to accept crypto clients appeared first on CryptoSlate.

2023-6-15 14:15


International Banks Reportedly Enhance Due Diligence in Hong Kong Following New Security Law

Global banks have begun scrutinizing their Hong Kong clients to filter out pro-democracy individuals following the new national security law backed by mainland China. A recent report by Reuters has revealed that the likes of HSBC, Credit Suisse, and Julius Baer are among the international banking giants that have since increased their diligence process, screening […]

2020-7-22 20:29


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Bitcoin Thrust Into the Spotlight Following Banking Outages in America

Recently, a spate of banking failure and ATM outages have been cropping up across the world. Primarily, these have been in places like India and politically volatile regions like Hong Kong. However, reports out of America are now showing countrywide outages from Bank of America, leading Bitcoin’s lack of centralized financial authority to shine through.

2019-10-31 00:10


Banking Giant HSBC Completes The First Yuan-Denominated Letter Of Credit Transaction On A Blockchain

Banking giant HSBC has revealed that they have finished the first yuan-denominated blockchain-based letter of a credit transaction with the help of Voltron. HSBC has partnered with the Landmark Group and the ReChainMe blockchain platform in order to create Voltron, which was used to arrange shipments between Hong Kong and Dubai. Voltron is a consortium […]

2019-9-3 17:53


Bitcoin as protest: Hong Kong demonstrators withdraw their money from banking system

Protesters in Hong Kong have taken to a new non-violent tactic, withdrawing cash in mass from ATMs and banks and converting it to U.S. dollars—foreshadowing things to come for Bitcoin. On Aug. 16, protesters in Hong Kong announced plans to withdraw their cash from the banking system in protest of overreach from mainland China, reported […] The post Bitcoin as protest: Hong Kong demonstrators withdraw their money from banking system appeared first on CryptoSlate.

2019-8-19 14:17


HSBC: Seventh largest bank in the world rumoured to be blocking cryptocurrency transactions?

Banks and the cryptocurrency world have been at odds ever since the latter emerged a decade ago. From initially shrugging decentralized currency off as a mere distraction, now the disruptive force has irked the banking industry with the seventh largest bank in the world, HSBC rumored to be halting cryptocurrency transactions.

2019-6-1 11:00


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Liquidators put the final nail in Gatecoin’s coffin

One of the first regulated cryptocurrency exchanges, Gatecoin, has officially been taken over by liquidators following a series of hacks and banking problems. In a document sent to creditors of the exchange late last week, the liquidators state that “all powers of the directors of Gatecoin have ceased and the directors no longer have any authority to deal with the assets and/or undertakings of Gatecoin.

2019-4-1 11:45


Gatecoin Cryptocurrency Exchange Calls It Quits After Six Years And $2 Million Hack

Gatecoin Cryptocurrency Exchange Calls It Quits After Six Years. Gatecoin, a Hong Kong-based cryptocurrency exchanged founded in 2013 by Aurelien Menant, a former investment banking expert, has announced it is now bankrupt and would end operations with immediate effect, according to a statement by the firm on March 14, 2019. End Of The Road For […]

2019-3-15 23:22


Bitfinex Banking Scares Continue, Bitcoin Premium Skyrockets, Tether Dumps

Since the establishment of the first crypto-to-fiat platform, exchanges have been subject to intense scrutiny from banks, regulators, and most importantly, the consumers and investors themselves. Despite its veteran status in this nascent industry, Bitfinex isn’t exempt from this scrutiny, as a few too many controversies have rocked the Hong Kong-based startup over its near-six-year history.

2018-10-13 15:46


Hong Kong’s Banking Sector to Get a Blockchain Platform by September

The Hong Kong Monetary Authority, the region’s currency board and central bank, is set to launch a live blockchain-based trading platform in September. The banking project is backed by HSBC, Bank of China, ANZ, DBS Bank, Bank of East Asia,… The post Hong Kong’s Banking Sector to Get a Blockchain Platform by September appeared first on CoinCentral.

2018-7-20 16:08


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