Tag: Kongs
Crypto trading is an important part of the virtual asset ecosystem, says Hong Kong’s SFC chief
The CEO of Hong Kong's Securities and Futures Commission (SFC), Julia Leung Fung-yee, addressed Hong Kong's embrace of Web3 regulation following the c [...]
Hong Kong’s regulatory lead sets it up to be major crypto hub
Hong Kong — officially the Hong Kong Special Administrative Region of the People’s Republic of China — is a city of over seven million residents on th [...]
Hong Kong’s SFC Set to Finalize Rules for Crypto Exchanges, Accept License Applications
Under the rules, crypto exchanges are to maintain at all times no less than 5,000,000 Hong Kong dollars ($640,00) in capital, and at the end of each m [...]
Hong Kong’s Banks Are Taking Lead on What e-HKD Will Look Like: Source
On a permissionless chain, while the authorities could require banks to freeze accounts, if the person in question withdraws assets to a self-custody [...]
Hong Kong’s Financial Secretary Declares Now Is the ‘Right Time’ for Web3 Adoption
“In order for Web3 to steadily take the road of innovative development, we will adopt a strategy that emphasizes both ‘proper regulation’ and ‘promoti [...]
‘Right time’ for Hong Kong’s Web3 push despite market flux — Financial Secretary
Now is the "right time" for Hong Kong to push forward with Web3 despite the crypto market fluctuations, according to the Financial Secretary of Hong K [...]
Hong Kong’s crypto rules set a high bar for ‘good reason,’ says SFC adviser
The standards for Virtual Asset Service Providers (VASPs) in Hong Kong are set “incredibly high,” as the Securities and Futures Commission (SFC) wants [...]
Hong Kong’s losses to crypto scams doubled to $217M last year: Report
Some countries around the world suffered bigger financial losses to cryptocurrency scams despite a massive bear market in 2022.Losses from crypto scam [...]
Justin Sun Says Hong Kong’s New Licensing Regime Could Shift Policy in Mainland China, Eventually
Sun thinks China is looking at Hong Kong as a kind of experiment, to see if crypto can be regulated on the mainland. If Hong Kong suceeds it could cre [...]
Hong Kong’s Approach to Crypto Regulation Could Attract Capital, Talent to Asia: Bernstein
The Securities and Futures Commission is adopting a “regulate to protect” approach to digital assets, the report said.
www.coindesk.com [...]
Hong Kong’s crypto ambition gets subtle nod from Beijing: Report
Hong Kong’s ambition of becoming a cryptocurrency hub is reportedly seeing subtle support from the Chinese government, in what could be seen as a cont [...]
Hong Kong’s Finance Regulator Calls for ‘a More Solid Footing’ for Crypto
During Hong Kong FinTech Week, held in early November, he asked one of his staff whether he should get his first virtual asset. The bureau is piloting [...]
Hong Kong’s Hang Seng and Shanghai Composite both higher – property stocks on the rise
Supportive comments from Chinese authorities on the property secotr are flowing through to property developer stocks and Chinese markets more broadly. [...]
First Mover Asia: FTX Debacle Might Change Hong Kong’s Approach to Retail Crypto Trading; Bitcoin Shows Its Mettle
The special administrative region of China wants to become a regional crypto hub, but FTX’s filing for bankruptcy protection could prompt regulators t [...]
GameStop NFT market goes live, Hong Kong’s NFT concept and more
The nonfungible token (NFT) marketplace for American video game retailer GameStop has officially gone live on Ethereum (ETH) layer 2 blockchain Immuta [...]