Hong Kong’s Crypto Future Uncertain After JPEX Scandal, Analysts Warn

Hong Kong’s aspiration to become a global virtual asset hub has suffered a significant setback with the unraveling of the JPEX scandal. This controversy has not only shaken investor confidence in cryptocurrencies but has also cast a pall over the city’s ambitions in the digital asset arena.

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Hong Kong ramps up crypto business transparency after JPEX blowup

Hong Kong’s Securities and Futures Commission (SFC) has introduced new measures to enhance investors’ education following the JPEX debacle. In a Sept. 25 statement, the financial regulator announced its intention to publish a comprehensive list of licensed Virtual Asset Trading Platforms (VATPs) on its website.

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Hong Kong to name all crypto license applicants following JPEX scandal

Hong Kong’s Securities & Futures Commission (SFC) continues to scrutinize the crypto market to fight unregistered virtual asset trading platforms in the region. On Monday, 25 September, the watchdog vowed to reveal all certified trading platforms to help users identify unregistered cryptocurrency firms in Hong Kong.

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Hong Kong warns crypto firms against referring to themselves as “banks”

Hong Kong warns crypto firms against using the word “bank” The Hong Kong Monetary Authority (HKMA) says only licensed banks can take “deposits. ” Using terms such as digital bank, crypto bank and crypto asset bank contravenes the Banking Ordinance.

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The Great Exodus: Why Are Japanese Investors Choosing XRP Over Bitcoin?

A recent study has revealed that Japanese investors are choosing to invest in Ripple’s XRP over the world’s flagship cryptocurrency, Bitcoin.    XRP Over Bitcoin And Ethereum In contrast to the treatment Ripple and the XRP token are receiving in the US, Japan seems more welcoming to the crypto asset, according to a research paper by the Department of Economics and Finance at the City University of Hong Kong.

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HashKey officially launches as Hong Kong’s first retail crypto exchange

HashKey Exchange has officially opened its doors, marking its entry as the first licensed retail virtual asset exchange in Hong Kong.

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Hong Kong-licensed HashKey Exchange to offer MATIC, AVAX to professionals

HashKey Exchange, the first compliant exchange licensed as a retail virtual asset provider by Hong Kong, went live today, Monday August 28, 2023. The exchange opened with access to Bitcoin, Ethereum, USDT and USDC trading pairs for retail investors, with these being BTC/USD, ETH/USD and USDT/USD.

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Hong Kong’s first licensed crypto exchange HashKey is now live

HashKey Exchange, the first licensed retail virtual asset exchange registered in Hong Kong, announced its official launch today. Together with executives from the HKSAR government, top-tier banks, insurers, and Big 4 auditing firms, HashKey held the grand launch in Hong Kong.

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HashKey Exchange, Hong Kong’s first licensed crypto exchange is now live

HashKey Exchange, the first licensed retail virtual asset exchange, announces its official launch today. Together with executives from the HKSAR government, top-tier banks, insurers, and Big 4 auditing firms, HashKey Exchange held the grand launch in Hong Kong.

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HashKey exchange set to debut retail crypto trading services in Hong Kong on Aug. 28

Hong Kong’s first licensed retail virtual asset exchange, HashKey, is geared to commence operations on Aug. 28 during a live launch event, marking a significant milestone. This launch brings to the fore the implications of recent regulatory advancements in Hong Kong’s rapidly evolving crypto landscape, arriving on the heels of Hashkey’s upgrade in its Type […] The post HashKey exchange set to debut retail crypto trading services in Hong Kong on Aug. 28 appeared first on CryptoSlate.

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Hong Kong securities regulator warns unlicensed virtual asset trading platforms may face steep fines, imprisonment

The Hong Kong Securities and Futures Commission (SFC) issued a warning on Monday, Aug. 7, to virtual asset trading platforms (VATPs) involved in what it practices, emphasizing the potential legal and regulatory consequences.

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Hong Kong Lawmaker to Explore Digital Asset Link With Mainland China

Johnny Ng floated the possibility of licensed Hong Kong exchanges being connected with Shanghai's exchanges.

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FDUSD: Is Binance’s Latest Addition Another Stablecoin By Tron’s Justin Sun?

Binance, the leading crypto exchange, has added a new stablecoin to its platform – First Digital USD (FDUSD) today. The stablecoin, issued by First Digital Trust, a Hong Kong-based digital asset custodian, has attracted attention and sparked controversy within the crypto community.

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Meet the Hong Kong Lawmaker Who Invited Coinbase to Town

Legislative Council member Johnny Ng is courting crypto exchanges to get licensed in the city as the U.S. drives digital asset firms offshore.

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OKX sees surge in users in first month following Hong Kong license

One of the world’s leading crypto exchanges, OKX, has made significant strides in Hong Kong, registering over 10,000 new users within a month of launching its enhanced app. This growth comes amid the new Virtual Asset Service Providers (VASPs) regime that took effect on June 1, 2023.

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Hong Kong Empowers Trading Platforms With Virtual Asset Education Program

To position itself as a digital hub amidst global regulatory scrutiny of online assets, the Hong Kong Securities and Investment Institute (HKSI) plans to provide training for virtual asset platforms.

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Hong Kong Finance School Plans to Teach Virtual Asset Trading

The Hong Kong Securities and Investment Institute is preparing to teach the next generation of licensed crypto traders. The post Hong Kong Finance School Plans to Teach Virtual Asset Trading appeared first on BeInCrypto.

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Tradecurve overtakes Filecoin as VET prices rise after VeChain inclusion in the Hong Kong Virtual Asset Consortium

Tradecurve presale is ongoing and has surpassed Filecoin. The ongoing presale is a contributing factor. Meanwhile, VeChain has been listed in the Hong Kong Virtual Asset Consortium

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Largest ETF manager in Hong Kong analyzes crypto possibilities

One of the largest asset management companies in Hong Kong, Hang Seng Investment Management Co., is reviewing the possibility of tapping into the decentralized ecosystem. On June 26, one of the largest banks in Hong Kong, HSBC, unveiled bitcoin (BTC)…

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HKVAC Considers Inclusion Of Terra Luna Classic (LUNC) In Digital Asset Index

The Hong Kong Virtual Asset Consortium (HKVAC), a prominent rating agency based, has announced its plans to evaluate the inclusion of Terra Luna Classic (LUNC) in its digital asset index. Just recently, the HKVAC Rating Agency unveiled its latest index, which features the inclusion of popular digital assets such as Shiba Inu and XRP. In […]

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DWF Labs Doubles Down on Conflux with $28 Million Invested

Hong Kong, China, June 28th, 2023, Chainwire DWF Labs, the global digital asset market maker, and multi-stage Web3 investment firm, has further strengthened its commitment to support the growth of Conflux, the tree-graph consensus algorithm Layer-1 blockchain.

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HSBC to offer Bitcoin and Ethereum ETFs in Hong Kong

HSBC will offer access to three ETFs listed on the Hong Kong Stock Exchange, including CSOP Bitcoin Futures ETF and CSOP Ethereum Futures ETF. The banking behemoth also launched a new service dubbed Virtual Asset Investor Education Center that offers educational and risk disclosure materials for customers.

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Hong Kong’s ‘One Country, Two Systems’ Policy Boosts Virtual Asset Ecosystem

Hong Kong's crypto sector is being touted as a success of the "One Country, Two Systems" policy as the territory prepares to mark 25 years since reunification with China. The post Hong Kong’s ‘One Country, Two Systems’ Policy Boosts Virtual Asset Ecosystem appeared first on BeInCrypto.

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Crypto Trading Hub Prospects in Hong Kong Indicated by Local Regulator

Julia Leung Fung-yee, CEO of HK Securities and Futures Commission (SFC), reaffirms Hong Kong recognizes crypto trading as 'important part' of digital asset system

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Crypto trading an important part of the virtual asset ecosystem — Hong Kong SFC chief

Julia Leung Fung-yee said incorporating virtual assets into the regulatory system was crucial after FTX’s bankruptcy.

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Hong Kong regulator says oversight will strengthen crypto market

Leung Fung Yee, CEO of Hong Kong's SFC, supports regulating virtual asset service providers to promote crypto innovation and market trust

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HSBC & Standard Chartered hesitant to serve crypto customers despite Hong Kong pressure

While Hong Kong continues its global cryptocurrency hub plans, leading financial institutions remain hesitant to serve crypto customers. That comes as the United States regulators launched an intensified regulation in the digital asset space early this month.

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Experts Tip China To Get Bullish on Crypto, Says New Digital Asset Framework In Hong Kong Is “Testnet” For China

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Beijing releases white paper for Web3 innovation and development

The release of the white paper coincides with new digital asset regulations in Hong Kong, raising further interest in China’s stance toward the crypto industry.

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Hong Kong Asset Manager Metalpha Secures $5M from Bitmain for Grayscale-Based Fund

The firm has so far received $20 million out of its $100 million target for the fund.

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Gate Group Launches New Virtual Asset Trading Service in Hong Kong to Leverage City’s Crypto-Friendly Disposition

Coinspeaker Gate Group Launches New Virtual Asset Trading Service in Hong Kong to Leverage City’s Crypto-Friendly Disposition Gate Group has established its presence in Hong Kong by launching Gate.

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Gate Group launches new virtual asset trading platform in Hong Kong

As of May 23, users can deposit and withdraw virtual assets and participate in spot trading activities.

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ZA Bank plans digital asset retail trading in Hong Kong under new guidelines

The bank announced its plans, part of its diversification strategy, the day after Hong Kong released its new guidelines.

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Hong Kong SFC eases requirements as exchanges face crypto talent crunch

Hong Kong is gearing up to usher in a new regime for virtual asset regulation. The Securities and Futures Commission (SFC) published the conclusions from its weeks-long consultation on regulatory guidelines for crypto platforms on May 23.

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Rakkar Digital obtains TSCP License in Hong Kong, launches custodian services

Rakkar Digital is a Singapore-based company providing digital asset custodian services to institutional and enterprise clients across Southeast Asia and Hong Kong. Rakkar Digital has obtained TSCP License in Hong Kong.

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Ripple to showcase tokenization with new CBDC platform in Hong Kong

Ripple has announced its participation in the digital Hong Kong dollar (e-HKD) central bank digital currency (CBDC) pilot program initiated by the Hong Kong Monetary Authority (HKMA). As part of the program, Ripple will showcase a real estate asset tokenization solution and unveil its new CBDC platform.

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Hashkey Group seeks funding at a $1B valuation as Hong Kong adopts an open financial system

Hashkey Group is an authorized crypto company based in Hong Kong. The digital asset platform is partaking in various moves to retain its supremacy in the region. That comes as the city’s initiative to become a cryptocurrency hub attracts worldwide crypto firms and exchanges.

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Digital Asset Firm HashKey Group Looks to Raise up to $200M at $1B Valuation: Bloomberg

The firm is looking to capitalize on Hong Kong's re-emergence as a potential crypto hub as the city has looked to formulate a clear regulatory structure for digital assets.

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Just in: Ripple joins Hong Kong’s e-HKD Pilot Programme to showcase Real Estate Asset tokenization solution

The HKMA (Hong Kong Monetary Authority) introduced the e-HKD Pilot Programme on Thursday (18 May). It confirmed that it selected 16 companies from the technology, payment, and financial industries.

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China state-owned Greenland to apply for Hong Kong virtual asset trading license

The real estate developer’s fintech unit already has a digital banking license in Singapore; “We are ready to step into Hong Kong,” CEO says.

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Hong Kong’s Crypto Boom: ‘Chinese’ Coins Poised for Explosive Growth with Friendly Regulatory Landscape

Exciting times lie ahead for the cryptocurrency market in Hong Kong as the Securities and Futures Commission (SFC) gears up to introduce a new regulatory framework for virtual asset service providers (VASPs) on June 1, 2023.

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Hong Kong issues first crypto license to company working with institutional investors

Hong Kong-based digital asset platform, OSL Asset Management Limited, has secured a license from the local Securities and Futures Commission (SFC) to offer investment products in blockchain, artificial intelligence, and web3 technologies.

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Hong Kong authorities remind banks not to be too hasty in rejecting digital asset clients

Increasing familiarity with virtual asset clients will make Anti-Money Laundering measures easier with time, and the firms should be treated reasonably, the HKMA says.

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Inaugural Hong Kong Web3 Festival Set For April 12th–15th

Hong Kong Web3 Festival 2023, Hong Kong’s Largest-Ever Premier Digital Asset Event, will run from April 12th to 15th - providing a platform for international sector leaders to discuss the latest Web3 and Blockchain trends.

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Hong Kong fund aims to bet $100M, thanks to city's crypto push

Hong Kong-based ProDigital Future is going all in on crypto with a $100 million fund for digital asset investment. The fund will invest in early-stage and developing ventures, along with tech fThe post Hong Kong fund aims to bet $100M, thanks to city's crypto push appeared first on AMBCrypto.

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OKX expands to Hong Kong, to apply for VASP license

OKX exchange has set up shop in crypto-friendly Hong Kong and is now on the verge of applying for a virtual asset service provider (VASP) license in the region.

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Over 80 crypto firms eyeing presence in Hong Kong: Financial Secretary

Since October, more than 80 virtual asset companies have expressed interest in establishing in the city, while 23 have indicated actual plans to do so.

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Kaiko relocates to Hong Kong amid city’s pro-crypto policy pivot

Kaiko, a crypto market data provider based in Paris is set to relocate its Asian headquarters from Singapore to Hong Kong, driven by the latter's efforts to cement itself as a global leader in the digital asset space.

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First Mover Asia: ConsenSys Chief Cryptoeconomist Sees Little Drama Ahead for Bitcoin

ALSO: In an appearance on CoinDesk TV, Tron founder Justin Sun discussed Huobi's potential unveiling of a new Hong Kong exchange, and said that the city's evolving approach to digital asset licensing could shift attitudes in mainland China.

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