Hong Kong central bank warns crypto firms against misleading bank claims

2023-9-18 19:31

The Hong Kong Monetary Authority has issued a stern warning to cryptocurrency-related firms that are misrepresenting themselves as banks or describing their products as deposits. origin »

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hong firms bank kong themselves misrepresenting cryptocurrency-related

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Источник: Cripyo.news

hong firms → Результатов: 74

Hong Kong's central bank warns against these crypto firms

Hong Kong's financial regulator earlier called out JPEX for operating in the region without approval. The central bank, HKMA, alerted that such businesses didn't come under its purview. HoThe post Hong Kong's central bank warns against these crypto firms appeared first on AMBCrypto.

2023-9-17 04:30	News
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Hong Kong regulator warns on crypto firms mislabeled as ‘banks’

The Hong Kong Monetary Authority has cautioned the public against crypto firms that describe themselves as banks or offer products termed as deposits. On Sept. 15, the Hong Kong Monetary Authority (HKMA) issued a public statement expressing concern over crypto…

2023-9-15 23:00	Regulation
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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.

2023-9-16 21:23
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Hong Kong regulator warns against crypto companies misusing the term ‘banks’

On Friday (15 September), the Hong Kong Monetary Authority (HKMA) warned against cryptocurrency companies misusing the word bank when describing their services. The regulator highlighted that these firms mislead users who think these companies are HKMA-certified.

2023-9-16 19:22	Crypto Regulation
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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.

2023-8-28 18:19
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Bitcoin miner gets life in prison, China offers bounties for crypto firms: Asia Express

Retail crypto trading is only days away in Hong Kong, but a mainland crackdown sees bounties offered for crypto firms and miners imprisoned.

2023-8-25 02:06	Columns
crypto firms bounties mainland kong hong away

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Hong Kong securities regulator warns of ‘criminal’ activity by unlicensed exchanges

Under the Securities and Futures Commission’s licensing regime, which started June 1, crypto firms offering services or operating in Hong Kong must comply with new requirements.

2023-8-8 21:45	Hong Kong
securities hong kong offering services firms june

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Hong Kong's New Crypto License Could Cost Exchanges a Pretty Penny

The city’s new licensing regime paves the way for exchanges to operate legally but tough compliance requirements could cost firms as much as $20 million, industry insiders say.

2023-8-4 15:14
cost exchanges could new firms requirements compliance

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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.

2023-7-24 08:41	policy
city licensed exchanges crypto get firms offshore

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Rush for Hong Kong’s crypto licenses yet to translate to jobs: Recruiters

Hundreds of firms have been lining up for a Hong Kong crypto license, but recruiters say they are yet to see an accompanying rush for talent.

2023-7-10 02:35
yet recruiters rush crypto hong kong say

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Web3 firms are spending up to $25M on HK crypto licenses: Report

VASP expenditures are varying between 20 million to 200 million Hong Kong dollars as firms scramble to find Web3 talent for licensing.

2023-6-27 18:30	Hong Kong
web3 million firms kong hong 200 dollars

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Hong Kong says Cyberport attracted 150 Web3 firms in a year

The country’s financial secretary says state funding and support have helped draw Web3 innovators to the digital hub.

2023-6-19 13:30	funding
web3 says funding secretary country financial support

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Hong Kong’s Cyberport Draws Over 150 Web3 and Crypto Firms With Government Help

Hong Kong's Cyberport has emerged as a thriving hub for more than 150 web3 firms, driven by strong government support and funding. The city's commitment to innovation and emerging technologies has propelled Cyberport's growth as per the financial secretary.

2023-6-19 10:17
cyberport firms hong government kong 150 web3

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Hong Kong Eyes Stablecoins and Tokenized Securities Post-VASP Regulation

Having launched its regulatory framework for crypto firms this month, Hong Kong is moving to embrace stablecoins and tokenized securities. The post Hong Kong Eyes Stablecoins and Tokenized Securities Post-VASP Regulation appeared first on BeInCrypto.

2023-6-19 18:21
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Hong Kong Regulator Pushes Banks to Welcome Crypto Firms, FT Says

Amid US regulators cracking down on crypto, Hong Kong is trying not to miss its chance to attract scared Web3 services

2023-6-16 12:20
hong crypto kong miss trying chance scared

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Crypto firms jockey for Hong Kong licenses ahead of June 1 retail opening

Hong Kong’s retail trading regime is days away from going live and crypto exchanges are keen to make entry into the region.

2023-5-30 04:36
kong crypto hong retail going live away

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Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down

This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis.

2023-5-28 17:42	Bitstamp
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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.

2023-5-20 12:30	Crypto Regulation
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Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong

Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications

2023-5-17 10:16
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HKMA chief executive talks crypto regulation

Eddie Yue, Hong Kong's chief executive officer of the Hong Kong Monetary Authority (HKMA), recently gave a speech outlining the new licensing process that would apply to crypto firms in Hong Kong.

2023-5-9 14:16	Regulation
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Hong Kong Regulator Prompts Banks to Support Crypto Firms

The Hong Kong warms to the crypto sector, the city's financial regulator has asked banks to support licensed firms in the city. The post Hong Kong Regulator Prompts Banks to Support Crypto Firms appeared first on BeInCrypto.

2023-4-29 14:00	regulation news
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Hong Kong Monetary Authority Advises Banks to Offer Support to Crypto Firms

Coinspeaker Hong Kong Monetary Authority Advises Banks to Offer Support to Crypto Firms The push to support crypto is gaining traction in Hong Kong as some banks are already pledging support to the industry.

2023-4-29 13:34
support kong hong banks crypto advises firms

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Hong Kong regulator requires banks to open accounts for crypto firms

Hong Kong’s central bank has urged banks to provide services to crypto firms before receiving a license.

2023-4-29 12:46	China
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Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms

Crypto companies have complained that opening bank accounts in the jurisdiction is difficult.

2023-4-28 10:54
crypto opening complained bank accounts difficult jurisdiction

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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.

2023-4-27 20:30	Hong Kong
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Hong Kong and Singapore Battle It out to Be Asia’s Crypto Capital

Hong Kong and Singapore are two of Asia’s leading crypto hubs. And in recent years, many international crypto firms have found a home in in both cities. The post Hong Kong and Singapore Battle It out to Be Asia’s Crypto Capital appeared first on BeInCrypto.

2023-4-22 20:30	Crypto News
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Chinese state-owned bank starts working with crypto firms in Hong Kong

China Bank of Communications Co., Ltd.’s Hong Kong subsidiary reportedly collaborates with several crypto companies with secured licenses in Hong Kong. According to reports, the state-owned bank works with several licensed crypto firms in the semi-autonomous city-state and has also…

2023-4-17 15:41	Hong Kong
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Hong Kong and Singapore Battle it out to be Asia’s Crypto Capital

Hong Kong and Singapore are two of Asia’s leading crypto hubs. And in recent years, many international crypto firms have found a home in in both cities. The post Hong Kong and Singapore Battle it out to be Asia’s Crypto Capital appeared first on BeInCrypto.

2023-4-17 20:30	Crypto Adoption
crypto asia hong singapore kong capital battle

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Hong Kong will issue licenses to crypto firms in 2023

The Hong Kong securities and futures commission (SFC) will reportedly issue licenses to at least eight crypto firms this year.

2023-3-30 17:56
crypto hong licenses firms kong issue reportedly

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OKX Plans To Enter Hong Kong, Seeks VASP License

OKX, a Seychelles-based crypto exchange ranked among the top 20 exchanges of the world, becomes the latest to enter Hong Kong due to its crypto-friendly regulations. Other crypto firms that previously revealed plans to set up a base in the city include Australian crypto exchange Independent Reserve and Huobi.

2023-3-30 21:00	Regulations
crypto okx exchange hong plans enter kong

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Report Claims Chinese Banks Show Interest in Hong Kong-Based Crypto Firms

According to a recent report from Bloomberg, Chinese banks are now showing interest in Hong Kong crypto firms. This has surprised the broader crypto community, given that China had once restricted digital currency transactions in the country.

2023-3-28 22:30	Hong Kong
crypto hong report firms chinese banks interest

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Hong Kong crypto firms notice high interest from Chinese banks

Chinese state-owned banks have emerged as backers for Bitcoin businesses establishing operations in Hong Kong. Despite China's continued ban on cryptocurrency, all of this is true. Chinese sThe post Hong Kong crypto firms notice high interest from Chinese banks appeared first on AMBCrypto.

2023-3-27 17:00	News
chinese banks hong kong interest crypto firms

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Chinese State Banks Start Favoring Crypto Firms: Details

Chinese government-owned banks start showing support for crypto companies in Hong Kong

2023-3-27 13:06
crypto start banks chinese companies hong kong

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Hong Kong crypto firms seeing interest from Chinese banks: Report

Several Chinese banks have been seeking to offer services to crypto firms in Hong Kong, despite a ban on crypto on the Chinese mainland.

2023-3-28 09:00
crypto chinese kong hong banks firms services

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More Than 80 Crypto Firms Plan to Launch In Hong Kong, Financial Secretary

Hong Kong, an administrative region of China, has gradually expanded its crypto industry. The city aims to create a robust crypto environment to position it as a prominent hub for crypto and Web3 interactions.

2023-3-21 21:00	Hong Kong
crypto hong kong create robust environment aims

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More Than 80 Crypto Firms Plan To Launch In Hong Kong, Financial Secretary Says

2023-3-21 21:00	Hong Kong
crypto hong kong create robust environment aims

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Over 80 crypto firms willing to enter Hong Kong: Financial Secretary

More than 80 businesses are interested in setting up presence in Hong Kong as it strives to become a leading Web3 hub. Several crypto businesses worldwide have been paying "attention" to Hong KThe post Over 80 crypto firms willing to enter Hong Kong: Financial Secretary appeared first on AMBCrypto.

2023-3-20 15:30	News
hong kong crypto secretary businesses financial firms

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Over 20 crypto firms plan to establish presence in the city: Hong Kong authorities

Hong Kong’s Secretary for Financial Services and the Treasury Christopher Hui said that over 80 virtual asset-related businesses had expressed interest in establishing their presence in the city as of the end of February.

2023-3-20 13:35	Stablecoins
hong kong presence city february businesses asset-related

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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.

2023-3-20 09:22
city interest expressed establishing indicated plans companies

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Hong Kong’s Finance Regulator Calls for 'a More Solid Footing' for Crypto

After crypto firms have left the city, the regulator says it’s now moving with the market and industry.

2023-1-11 08:00	policy
crypto regulator city says industry market moving

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Incoming FCA Chair Calls Crypto Firms Like FTX 'Deliberately Evasive'

Ashley Alder, who is currently the CEO of Hong Kong’s Securities and Futures Commission (SFC) will be starting with the Financial Conduct Authority on Feb. 20.

2022-12-16 14:28	policy
commission sfc futures kong securities starting feb

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Hong Kong Amends Finance Law to Incorporate Crypto Firms

Virtual asset service providers will be covered by terror financing and anti-money laundering rules as of June next year.

2022-12-9 15:53	policy
anti-money financing terror covered laundering rules year

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Hong Kong Hopes To Draw Back Fleeing Firms With Web3 Fintech Week

Hong Kong: Web3 and the metaverse will feature in this year’s Fintech Week, as the country tries to lure back business lost to COVID-19. The post Hong Kong Hopes To Draw Back Fleeing Firms With Web3 Fintech Week appeared first on BeInCrypto.

2022-10-15 18:00	Web3
week hong web3 fintech back kong draw

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MetaMask Partners with Custodians Due to Institutional Clients Wanting to ‘Actively Participate’ in DeFi

MetaMask Institutional (MMI), the institutional arm of popular Ethereum wallet MetaMask, has partnered with three firms — US-based BitGo, British Virgin Islands-headquartered Qredo, and Hong Kong-based Cactus Custody.

2021-10-6 19:00	MetaMask
institutional metamask bitgo british us-based partnered three

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Crypto-related stocks in Hong Kong impacted, but more HODLers for Bitcoin, Ethereum

China declaring all crypto transactions illegal sent shockwaves through Asia's fintech market. It adversely impacted Hong Kong as well; not just crypto exchanges, but firms and stocks related to cryptThe post Crypto-related stocks in Hong Kong impacted, but more HODLers for Bitcoin, Ethereum appeared first on AMBCrypto.

2021-9-27 17:30	BTC Trading View
impacted hong kong stocks bitcoin ethereum crypto-related

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Flare Network Raises $11 Million in Funding to Bring Smart Contracts to All Blockchains

Decentralized finance protocol Flare raised $11.3 million in another funding round supported by heavyweights in the crypto industry. Launched at the tail end of 2020, Flare, a Turing complete Federated Byzantine Agreement-based (FBA) network, announced Hong Kong-based firm Kenetic Capital led the round, including top venture capital firms such as Digital Currency Group (DCG) and […] The post Flare Network Raises Million in Funding to Bring Smart Contracts to All Blockchains first appeared on BitcoinExchangeGuide.

2021-6-9 22:45
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Breaking: China Bans Crypto For the 100th Time; Hong Kong Proposal Seeks to Restrict Retail Traders From Exchanges

Cryptocurrency exchanges in Hong Kong are set to be prohibited from offering services to retail crypto traders following a new government proposal. Hong Kong Floats New Proposal On Licensing Crypto Firms The legislative proposal, which Hong Kong's Financial Services and Treasury Bureau (FSTB) floated, has now moved past its consultation period, Reuters report.

2021-5-22 19:42	Legal & Regulation
proposal hong kong crypto retail exchanges new

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Crypto.com Capital Rolls Out $200 Million Fund to Help Crypto-based Startups Grow

In an official announcement on Thursday, the firm stated that it would invest the $200 million in the seed as well as series A phases of emerging firms within the crypto industry. The Hong Kong-headquartered firms stated that the aim of the investment fund would be to enhance the growth of promising startups and the […] The post Crypto.

2021-3-5 19:30
crypto startups stated firms 200 fund million

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Hong Kong to Tighten Regulation on All Crypto Trading Platforms

Hong Kong’s government is poised to change the rules for cryptocurrency trading firms operating within the city’s jurisdiction. Financial regulators worldwide are still in the process of formulating the best approach for regulating the cryptocurrency industry.

2020-11-4 17:55	regulation news
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2023-9-18 19:31

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