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Hong Kong Fintechs Embrace Blockchain and DLT

Hong Kong Fintechs Embrace Blockchain and DLT

Blockchain firms make up nearly 40% of all new Hong Kong FinTech companies launched in 2019.

Hong Kong Protests Powering Through Bitcoin Adoption

Hong Kong Protests Powering Through Bitcoin Adoption

The Hong Kong protests, which has now entered its 12th week, affected Hong Kong’s economy, including the property market, stock exchange, shop owners, and banks.

Blockchain and IoT: Transforming Hong Kong into a Smart City

Blockchain and IoT: Transforming Hong Kong into a Smart City

Blockchain and IoT: Transforming Hong Kong into a Smart City

Hong Kong Blockchain Ecosystem Feb 2020 - New Members

Hong Kong Blockchain Ecosystem Feb 2020 - New Members

Hong Kong Blockchain Ecosystem Feb 2020 - New Members

Hong Kong Blockchain Ecosystem

Hong Kong Blockchain Ecosystem

HK Blockchain Ecosystem

Crypto Exchange Huobi Plans to Reverse IPO in Hong Kong

Crypto Exchange Huobi Plans to Reverse IPO in Hong Kong

Cryptocurrency exchange Huobi has reportedly been planning a reverse initial public offering (IPO) according to a document revealed by the Hong Kong Stock Exchange (HKEX).

Standard Chartered's Planned Hong Kong Virtual Bank Announced as Mox

Standard Chartered's Planned Hong Kong Virtual Bank Announced as Mox

Mox is the new virtual bank in Hong Kong to be launched by Standard Chartered in partnership with PCCW, HKT and Trip.com. Launching later this year, the mission of Mox is to help everyone in Hong Kong grow – “your money, your world, your possibilities.”

Hong Kong Fintech Week 2019

Hong Kong Fintech Week 2019

Hong Kong Fintech Week is an international fintech event. This year, it is moving to a bigger venue – AsiaWorld-Expo to accommodate a greater variety of programmes, business events, exhibitors and attendees. It is expected to attract over 8,000 industry leaders and gather more than 200 top-notch speakers, including fintech entrepreneurs, investors, regulators and academics, over 400 media and 100 fintech exhibitors.

McAfee's Ghostcoin Gets Backing as Payment in Hong Kong

McAfee's Ghostcoin Gets Backing as Payment in Hong Kong

John McAfee's Ghostcoin gets backing for use as a payment coin in Hong Kong across 60 vending machines including Disneyland.

Hong Kong with its Incredibly Unique Positioning in FinTech

Hong Kong with its Incredibly Unique Positioning in FinTech

In the second part of our interview with Peter Mok, Head of Incubation and Acceleration Programs at the Hong Kong Science and Technology Park (HKSTP), he went into detail on the initiatives they have developed to combat the global talent shortage, bring Hong Kong’s lagging Fintech industry up to speed and he tells us how blockchain startups can leverage the Hong Kong-Shenzhen Innovation and Technology Park.

Why Hong Kong Will Be a Leading Digital Asset Trading Centre in Asia

Why Hong Kong Will Be a Leading Digital Asset Trading Centre in Asia

Reasons why Hong Kong will a leading digital asset trading centre in Asia.

Newly Launched HKU FinTech Index Series Shows Positive Outlook for Hong Kong in 2020

Newly Launched HKU FinTech Index Series Shows Positive Outlook for Hong Kong in 2020

Newly launched HKU FinTech Index Series shows positive outlook for Hong Kong in 2020

Samsung Investment Exploring Hong Kong Spot-Bitcoin ETF

Samsung Investment Exploring Hong Kong Spot-Bitcoin ETF

Samsung Asset Management is exploring a Hong Kong spot Bitcoin ETF. The Hong Kong Exchanges and Clearing Market, Asia's sole Bitcoin futures exchange, launched the company's Bitcoin futures ETF on Jan. 13.

BIS to Explore Potential Advantages of Defi on Small & Medium Enterprises in H.K.

BIS to Explore Potential Advantages of Defi on Small & Medium Enterprises in H.K.

As part of its research plans, the Bank for International Settlements (BIS) will explore if decentralized finance (DeFi) technologies can enhance financing for small and medium enterprises in Hong Kong.

Taiwanese Singer Chen Lingjiu Implicated in JPEX Cryptocurrency Fraud Case

Taiwanese Singer Chen Lingjiu Implicated in JPEX Cryptocurrency Fraud Case

Taiwanese singer Chen Lingjiu faces fraud case involving JPEX, highlighting potential pitfalls of celebrity endorsements in cryptocurrency investments and the need for robust regulatory measures.

Hong Kong Embraces Web3 Despite Crypto Market Volatility

Hong Kong Embraces Web3 Despite Crypto Market Volatility

Hong Kong's financial secretary, Paul Chan, has emphasized the need for the city to embrace Web3 technology, despite the fluctuations in the crypto market. Chan has proposed a strategy that focuses on proper regulation and promoting development to facilitate Web3's steady growth. He also noted that Hong Kong plans to prioritize financial security, prevent systemic risks, and focus on investor education and protection. The region's approach to crypto regulation contrasts with that of the United States, which has adopted a more hardline response to the industry.

HK-based Coinsuper Under Scrutiny after Failed Transactions Since Nov 2021

HK-based Coinsuper Under Scrutiny after Failed Transactions Since Nov 2021

Customers of Hong Kong-based Coinsuper have been unable to withdraw money or tokens from the bourse since late November, review from messages on the firm’s official Telegram chat showed.

Hong Kong Regulators Probe Worldcoin for Privacy Risks

Hong Kong Regulators Probe Worldcoin for Privacy Risks

Hong Kong's PCPD is investigating Worldcoin, linked to OpenAI's Sam Altman, for potential privacy violations in biometric data collection methods, highlighting global privacy concerns in the crypto and blockchain industry.

Public feedback on the SFC's proposed cryptocurrency exchange licensing regime

Public feedback on the SFC's proposed cryptocurrency exchange licensing regime

Hong Kong's Securities and Futures Commission seeks public input on bitcoin exchange registration.

McDonald's Hong Kong Partners with Sandbox to Launch First Metaverse Experience, McNuggets Land

McDonald's Hong Kong Partners with Sandbox to Launch First Metaverse Experience, McNuggets Land

McDonald's Hong Kong has teamed up with The Sandbox to create the first Web3 experience platform. This partnership has resulted in the launch of "McNuggets Land", a unique metaverse gaming experience that marks the 40th anniversary of McNuggets.

Hong Kong Science and Technology Park: Turning Tech Startups' Visions into Reality

Hong Kong Science and Technology Park: Turning Tech Startups' Visions into Reality

Blockchain.News sat down with Peter Mok, Head of Incubation and Acceleration Programmes, HKSTP to gain further insight into the incubation initiative and the custom-made programs, that have been designed to support technology startups, and specifically how they could be utilized by blockchain startups.

US Crypto Crackdown Could Push Industry to Hong Kong

US Crypto Crackdown Could Push Industry to Hong Kong

Paris-based Kaiko's CEO, Ambre Soubiran, has suggested that the recent US crackdown on cryptocurrency regulation could lead to a shift in the industry's center of gravity towards Hong Kong, which has been more favorable towards crypto. The Hong Kong government has been rolling out progressive regulation to support crypto and fintech firms in 2023, with over 80 virtual asset-related firms expressing interest in setting up shop there.

Hong Kong Customs Arrests Four Men in Alleged $155M Crypto Laundering

Hong Kong Customs Arrests Four Men in Alleged $155M Crypto Laundering

Hong Kong Customs announced Thursday that the authority had dismantled a local cryptocurrency money-laundering syndicate involving HK$1.2 billion ($US 155 million). The operation is considered the first case for the same kind in the city.

HK SFC: Two Former Brokers Sentenced to Jail Over False Trading

HK SFC: Two Former Brokers Sentenced to Jail Over False Trading

Two former brokers face jail for false trading in Hong Kong.

Composite Interest Rate Drops to 2.65% in April 2024, Announces HKMA

Composite Interest Rate Drops to 2.65% in April 2024, Announces HKMA

The Hong Kong Monetary Authority reveals a decrease in the composite interest rate for April 2024.

Hong Kong Monetary Authority Reports April Foreign Currency Reserves

Hong Kong Monetary Authority Reports April Foreign Currency Reserves

HKMA releases data on Hong Kong's foreign currency reserves and liquidity for April 2024.

Hong Kong Monetary Authority's Project mBridge Achieves MVP Milestone

Hong Kong Monetary Authority's Project mBridge Achieves MVP Milestone

Project mBridge reaches MVP stage, exploring CBDCs for cross-border payments.

Hong Kong Monetary Authority Announces 2.00% Interest Rate for iBond Series

Hong Kong Monetary Authority Announces 2.00% Interest Rate for iBond Series

HKMA sets 2.00% interest rate for iBond Series' sixth payment.

Hong Kong's Foreign Currency Reserve Assets Reach $417.2 Billion in May 2024

Hong Kong's Foreign Currency Reserve Assets Reach $417.2 Billion in May 2024

Hong Kong’s foreign currency reserves hit $417.2 billion in May 2024, per the HKMA.

SFC Commends Progress on Mainland-Hong Kong Mutual Recognition of Funds Enhancement

SFC Commends Progress on Mainland-Hong Kong Mutual Recognition of Funds Enhancement

SFC welcomes advancements in Mainland-Hong Kong Mutual Recognition of Funds enhancements.

SFC Celebrates 35 Years, Outlines Future Vision for Hong Kong’s Capital Markets

SFC Celebrates 35 Years, Outlines Future Vision for Hong Kong’s Capital Markets

The Securities and Futures Commission (SFC) marks its 35th anniversary, detailing strategic plans for Hong Kong's financial future.

Hong Kong Monetary Authority Announces Results of RMB Bills Tender

Hong Kong Monetary Authority Announces Results of RMB Bills Tender

The Hong Kong Monetary Authority revealed the results of the People’s Bank of China RMB Bills tender held on June 19, 2024.

More Crypto Firm Tenants Settle in Hong Kong Central CBD Offices

More Crypto Firm Tenants Settle in Hong Kong Central CBD Offices

Hong Kong Land Holdings Ltd announced Wednesday that the real estate firm has signed a lease contract with a crypto firm, embracing the first crypto company to use their offices in the city's cbd.

Hong Kong Boosts Web3 with New Task Force

Hong Kong Boosts Web3 with New Task Force

On June 30th, 2023, Hong Kong's government revealed the creation of a pivotal initiative - the Task Force on Promoting Web3 Development. This significant step, led by Financial Secretary Paul Chan, includes fifteen non-official members selected from relevant market sectors, plus key government and financial regulatory officials.

Hong Kong Aims to Lead in Green Finance and Web 3.0, Says Financial Secretary

Hong Kong Aims to Lead in Green Finance and Web 3.0, Says Financial Secretary

Hong Kong is setting its sights on becoming a global leader in two new fields: green finance and Web 3.0, according to a recent speech by the city's Financial Secretary Paul Chan.

Hong Kong Embraces Virtual Asset Spot ETFs

Hong Kong Embraces Virtual Asset Spot ETFs

Hong Kong is set to become the first market in Asia to allow Virtual Asset Spot ETFs, with around ten fund companies preparing for launch. This move signifies a major shift in the region's approach to virtual assets.

Hong Kong Financial Watchdog Proposes Restricting Cryptocurrency Trading to Professional Investors

Hong Kong Financial Watchdog Proposes Restricting Cryptocurrency Trading to Professional Investors

Hong Kong retail traders may be prohibited from trading cryptocurrencies if the city’s Financial Services and the Treasury Bureau’s proposed rule is approved.

Crypto Scams Took in More Than $30 Million in Taiwan in 2019

Crypto Scams Took in More Than $30 Million in Taiwan in 2019

Blockchain and cryptocurrency investment scams have risen and have reached $900 million New Taiwan dollars ($30 million) in Taiwan last year, according to Gao Hongan, a political figure in the country.

“Warriors of Future” Set to Debut as Asia’s First NFT Blockbuster Movie

“Warriors of Future” Set to Debut as Asia’s First NFT Blockbuster Movie

Warriors of Future, a multi-million-dollar Hong Kong sci-fi action movie by One Cool Group, seeks to be the first Asian blockbuster film to feature a non-fungible token (NFT) collection.

Independent Reserve Considers Expansion to Hong Kong

Independent Reserve Considers Expansion to Hong Kong

Independent Reserve, an Australia-based cryptocurrency exchange, is exploring opportunities to expand its business in Hong Kong following the city’s recent proposal of a licensing regime for crypto exchanges. The company sees Hong Kong as a potential friendly jurisdiction for its business expansion in Asia.

FBI Arrests 2 Hackers for Ransomware and “Crypto-Jacking” Scams, 5 Chinese Suspects Still at Large

FBI Arrests 2 Hackers for Ransomware and “Crypto-Jacking” Scams, 5 Chinese Suspects Still at Large

The DoJ and the FBI seized two criminals connected to a cybercrime targeting over 100 companies in the US and abroad with ransomware, crypto jacking and more.

Hong Kong's First Spot Bitcoin ETF Gains Approval, Echoing US SEC's Move

Hong Kong's First Spot Bitcoin ETF Gains Approval, Echoing US SEC's Move

Hong Kong Securities and Futures Commission approves its first spot Bitcoin ETF, following the US SEC's lead, signaling a major milestone for cryptocurrency in mainstream finance.

Hong Kong Wants to Legalize Cryptocurrency Trading

Hong Kong Wants to Legalize Cryptocurrency Trading

Hong Kong wants to take action to become an international virtual assets center by launching several legal initiatives related to emerging technologies in the crypto industry.

Hong Kong Vending Machines Accept Bitcoin Cash not Bitcoin Boasts Roger Ver

Hong Kong Vending Machines Accept Bitcoin Cash not Bitcoin Boasts Roger Ver

Bitcoin Cash (BCH) advocate Roger Ver recently took to Twitter to highlight a Hong Kong vending machine which accepts BCH and Ether as payment options but not Bitcoin. After asking why BCH was preferred over BTC, Ver was accused by popular YouTube Bitcoin influencer Tone Vays and trader Willy Woo of paying for Bitcoin’s omission.

Hong Kong to Submit Virtual Asset OTC Trading Licensing Scheme Bill

Hong Kong to Submit Virtual Asset OTC Trading Licensing Scheme Bill

Hong Kong's Financial Secretary, Christopher Hui, plans to introduce a licensing scheme for virtual asset OTC trading platforms to combat crime and promote transparency in digital transactions.

Gemini Co-founder Tyler Winklevoss Shares Excitement about Hong Kong's Crypto Leadership

Gemini Co-founder Tyler Winklevoss Shares Excitement about Hong Kong's Crypto Leadership

During Gemini's global tour, co-founder Tyler Winklevoss had an insightful meeting with Hong Kong's regulatory authority for crypto, the SFC (Securities and Futures Commission). Expressing his enthusiasm, Winklevoss took to Twitter to share his thoughts on the city's thoughtful and clear approach to crypto regulation.

E-HKD’s Development in Hong Kong- The Future Way of Currency?

E-HKD’s Development in Hong Kong- The Future Way of Currency?

Exclusive: a study shows that 90% of surveyed central banks worldwide are exploring the future issuance of CBDCs. Blockchain.News interviewed industry experts to find out the outlook of e-HKD and its potential adoption.

Hong Kong Brokers Seek SFC Clearance Before Virtual Asset Trading Law

Hong Kong Brokers Seek SFC Clearance Before Virtual Asset Trading Law

Regional brokers and investment managers have sought licensing guidance ahead of new regulations. Retail investors may trade digital assets with high market capitalization and liquidity. Digital asset trading is confined to experienced investors and traders with at least $1 million in bankable assets.

Over 220 Web3 Companies Settle in Hong Kong, Boosting Virtual Asset Development

Over 220 Web3 Companies Settle in Hong Kong, Boosting Virtual Asset Development

Hong Kong has welcomed over 220 Web3 companies from 20 countries and regions, focusing on sectors like virtual asset exchanges, blockchain infrastructure, network security, and payment services, aiming to balance development with regulatory frameworks.

Hong Kong SFC Finalizes Regulatory Framework for Virtual Asset Trading Platforms

Hong Kong SFC Finalizes Regulatory Framework for Virtual Asset Trading Platforms

The Securities and Futures Commission (SFC) of Hong Kong concluded a consultation period today, revealing the finalized regulatory requirements for operators of virtual asset trading platforms licensed by the SFC.

Hong Kong to “Seize the Opportunities” of China’s Digital Yuan CBDC Development

Hong Kong to “Seize the Opportunities” of China’s Digital Yuan CBDC Development

The Hong Kong government is considering collaborating with the mainland Chinese authorities on the country’s central bank digital currency (CBDC) project.

Study Says Global Cryptocurrency Adoption Pegs at 19%, H.K. Ranks 2nd for BTC Holding amid Political Landscape

Study Says Global Cryptocurrency Adoption Pegs at 19%, H.K. Ranks 2nd for BTC Holding amid Political Landscape

Finder has placed the global crypto adoption rate at 19%, with Bitcoin being the most accumulated asset. Hong Kong ranks second for Bitcoin holding amid changing political landscape.

HK to Issue Tokenised Green Bond, Open Market for Virtual Assets ETFs Trading

HK to Issue Tokenised Green Bond, Open Market for Virtual Assets ETFs Trading

HKFTW2022: In the latest policy statement published in Hong Kong, regulators disclosed issuing tokenized green bonds this year and actively developing virtual assets trading.=

Standard Chartered's Virtual Bank, Mox Will Usher in New Era of Banking for Hong Kong

Standard Chartered's Virtual Bank, Mox Will Usher in New Era of Banking for Hong Kong

Mox Bank Limited, or Mox, the new virtual bank in Hong Kong recently launched by Standard Chartered, has now been made available to select customers via invitation in an external pilot. The aim of the pilot is to prepare the state-of-art virtual bank for the public launch scheduled for later this year.

HK SFC Details JPEX Probe; CEO Affirms Hong Kong's Web3 Commitment

HK SFC Details JPEX Probe; CEO Affirms Hong Kong's Web3 Commitment

Hong Kong's SFC has provided a detailed timeline of its investigation into the fraudulent activities of the unlicensed virtual asset trading platform JPEX. Despite the ongoing case, SFC CEO Leung Fung-yee reaffirms that Hong Kong's commitment to developing a Web3 ecosystem will not waver.

Hong Kong Crypto Exchange HKVAEX Announces Phased Shutdown

Hong Kong Crypto Exchange HKVAEX Announces Phased Shutdown

HKVAEX, a Hong Kong-based cryptocurrency exchange, has initiated a phased suspension of their services, leading to a complete shutdown by May 1, 2024.

Hong Kong Investors Launch $100M Fund for Web3 Startups

Hong Kong Investors Launch $100M Fund for Web3 Startups

ProDigital Future, a new $100 million fund led by Hong Kong-based equity firm SAIF Partners, aims to support early-stage Web3 companies in the regional market. The fund has already raised $30 million during its half-year fundraising period and plans to raise $100 million by the end of 2023. ProDigital Future has already invested in six digital-asset projects, including GigaSpace and One Future Football. The fund intends to operate in Hong Kong, Australia, Singapore, Europe, and the United States, while adhering to the necessary licensing and regulatory requirements.

Huawei Cloud Introduces Advanced Web 3.0 Services to Enhance Hong Kong's Digital Landscape

Huawei Cloud Introduces Advanced Web 3.0 Services to Enhance Hong Kong's Digital Landscape

Huawei Cloud launched Web 3.0 services in Hong Kong on Aug. 16, 2023. The TechWave event showcased blockchain innovations and aimed to boost the region's digital economy and Web 3.0 ecosystem.

UBS and OSL Pioneer Hong Kong's First Ethereum Tokenized Warrant

UBS and OSL Pioneer Hong Kong's First Ethereum Tokenized Warrant

UBS AG, in collaboration with OSL Digital Securities, introduces Hong Kong's first tokenized warrant on the Ethereum blockchain, marking a landmark moment in financial innovation and blockchain adoption.

Alchemy Pay Bolsters Hong Kong's Crypto Infrastructure with Enhanced Virtual Card Services

Alchemy Pay Bolsters Hong Kong's Crypto Infrastructure with Enhanced Virtual Card Services

Alchemy Pay enhances Hong Kong's crypto infrastructure by adding new BINs for its Crypto Virtual Card, aligning with the region's evolving regulatory landscape and advancing global crypto payment solutions.

HK FinTech Week: Understanding Misconceptions on Cryptocurrency

HK FinTech Week: Understanding Misconceptions on Cryptocurrency

Misconceptions about cryptocurrencies have been prevalent since their inceptions more than ten years ago with Bitcoin being the first to revolutionise the blockchain system.

Bitcoin Ad in Hong Kong Apple Daily Publication Promotes Bitcoin As Beyond Government Control

Bitcoin Ad in Hong Kong Apple Daily Publication Promotes Bitcoin As Beyond Government Control

In the Hong Kong Apple Daily today, a full-page ad was dedicated to Bitcoin, calling on Hong Kongers to move their wealth beyond the control of “any” government.

Hong Kong's 2020 Budget: Digital Assets May be Incorporated into Regulatory Framework but not Blockchain

Hong Kong's 2020 Budget: Digital Assets May be Incorporated into Regulatory Framework but not Blockchain

Financial Secretary of Hong Kong, Paul Chan been under intense pressure from lawmakers to dip into the government’s fiscal reserves to help the city get out of an economic slump. After months of anti-government protests and the emergence of the coronavirus epidemic, Hong Kong residents aged over 18 will receive a cash handout of HK$10,000. The budget also highlighted the forecast of an all-time high deficit of HK$139 billion for the coming fiscal year.

Hong Kong’s National Security Law Triggers Exodus of Wealthy Society’s Capital, Is Gold Being Dumped for Bitcoin?

Hong Kong’s National Security Law Triggers Exodus of Wealthy Society’s Capital, Is Gold Being Dumped for Bitcoin?

Hong Kong’s rich and affluent are reportedly moving large amounts of gold out of the major financial hub following Beijing’s imposed national security law. According to well-known Bitcoin bull Max Keiser, Bitcoin is a better way to export your fortune.

Binance CEO Changpeng Zhao to Speak at  the 2023 Hong Kong Web3 Festival

Binance CEO Changpeng Zhao to Speak at the 2023 Hong Kong Web3 Festival

Binance Founder and CEO Mr. Changpeng Zhao (CZ) confirms his attendance at the Hong Kong Web3 Festival 2023. Mr. Zhao will be the closing speaker on the Opening Day of the conference, 12 April 2023, and will deliver his speech virtually

Unauthorized Cryptocurrency Betting Jeopardizes Jockey Racing Integrity, Warns HKJC Expert

Unauthorized Cryptocurrency Betting Jeopardizes Jockey Racing Integrity, Warns HKJC Expert

During a presentation at the Asian Racing Conference in Cape Town, South Africa, Tom Chignell, a Hong Kong Jockey Club expert, warned that illegal cryptocurrency betting markets could seriously compromise jockey racing integrity.

Global Web3 Projects Assemble! Hong Kong Web3 Festival 2023 Releases Sponsor List

Global Web3 Projects Assemble! Hong Kong Web3 Festival 2023 Releases Sponsor List

Co-hosted by Wanxiang Blockchain Labs and HashKey Group, and organised by W3ME, the Hong Kong Web3 Festival 2023 will take place from April 12 to 15.

DLA Piper: Security Tokenization in Hong Kong

DLA Piper: Security Tokenization in Hong Kong

Security tokenization is the representation of fractional interests in an asset using blockchain. A security token derives its value from an underlying asset, such as a work of art. This differs from a utility token, which gives a holder the right to use a particular product or service, or a cryptocurrency such as Bitcoin, which has its own value as a currency.

China Leads Pan-Asian Digital Currency Project to Compete with Facebook's Libra

China Leads Pan-Asian Digital Currency Project to Compete with Facebook's Libra

Led by China, four Asian countries are in the early stages of developing a joint digital currency. The currency will help keep the Dollar and Libra in check

Hong Kong is a Step Closer to Legalizing Retail Crypto Trading - Report

Hong Kong is a Step Closer to Legalizing Retail Crypto Trading - Report

New reports show the speculations that Hong Kong might permit retail crypto trading may be true

Hong Kong's Financial Secretary Propels Web3 Expansion

Hong Kong's Financial Secretary Propels Web3 Expansion

Hong Kong's Financial Secretary, Paul, has highlighted the growing significance of digital entertainment as an economic sector. The government has allocated HKD 50 million to support a thriving Web3 ecosystem, with over 180 companies involved.

Hong Kong SFC Warns Against Crypto Entities HongKongDAO and BitCuped for Suspected Fraud

Hong Kong SFC Warns Against Crypto Entities HongKongDAO and BitCuped for Suspected Fraud

The SFC of Hong Kong warns against HongKongDAO and BitCuped for suspected fraud, blocking their websites and extending caution to other virtual asset platforms.

Hong Kong and Israel Central Banks Collaborate on Retail CBDC Prototype

Hong Kong and Israel Central Banks Collaborate on Retail CBDC Prototype

The Hong Kong Monetary Authority (HKMA) and the Bank of Israel (BOI) have collaborated on a report titled "Project Sela – An accessible and secure retail CBDC ecosystem". The project aims to create a retail central bank digital currency framework that encourages competition and innovation in digital payments.

SEBA Hong Kong Gains Preliminary Approval for Crypto-Related Services

SEBA Hong Kong Gains Preliminary Approval for Crypto-Related Services

SEBA Hong Kong, a subsidiary of Swiss-based SEBA Bank AG, has been granted an "Approval-in-Principle" by Hong Kong's Securities and Futures Commission, enabling it to offer crypto-related investment services.

China Telecom and Conflux Network to pilot Blockchain enabled SIM card in Hong Kong

China Telecom and Conflux Network to pilot Blockchain enabled SIM card in Hong Kong

Today China Telecom and Conflux Network announce a partnership to bring Blockchain SIM cards (BSIM) to market. The entry-level Web3 product will be the largest blockchain hardware product ever seen globally, involving the most users and applications. China Telecom will launch the first BSIM pilot program in Hong Kong later this year. This will likely be followed by pilots in key mainland China locations such as Shanghai.

CMCC Global's Titan Fund Secures $100M for Asian Blockchain Ventures

CMCC Global's Titan Fund Secures $100M for Asian Blockchain Ventures

Hong Kong-based CMCC Global has raised $100 million for its Titan Fund, targeting early-stage blockchain start-ups primarily in Asia. The fund's first round saw participation from over 30 investors and comes amid a 70.9% YoY decline in global crypto venture capital investments.

HashKey Group Secures $100 Million in Series A Funding

HashKey Group Secures $100 Million in Series A Funding

HashKey Group raised $100 million in a Series A financing round, reaching a pre-money valuation of $1.2 billion. The Hong Kong-based company plans to use the funds to enhance its Web3 ecosystem and expand its Hong Kong business.

Greenland Financial Holdings to Apply for Virtual Asset Trading License in Hong Kong

Greenland Financial Holdings to Apply for Virtual Asset Trading License in Hong Kong

Greenland Financial Holdings, a subsidiary of Greenland Group, is planning to apply for a virtual asset trading license in Hong Kong, according to Shanghai Securities News.

Dubai Prince's Hong Kong Office Warned by US SEC, MTR Listed as Untrustworthy

Dubai Prince's Hong Kong Office Warned by US SEC, MTR Listed as Untrustworthy

The Hong Kong office of Sheikh Ali Rashed Ali Saeed Al Maktoum, a member of the ruling family in Dubai, has received a warning from the US Securities and Exchange Commission (SEC) regarding their involvement in cryptocurrencies. Additionally, the Hong Kong subway operator, MTR Corporation, has been listed as an untrustworthy company.

Hong Kong Politician Seeks DeFi-Based Stablecoin CBDC

Hong Kong Politician Seeks DeFi-Based Stablecoin CBDC

Hong Kong authorities are currently considering issuing a CBDC as a government-backed stablecoin. Wu Jiezhuang, a Legislative Council member of the Hong Kong Special Administrative Region, thinks converting e-HKD into a stablecoin will mitigate Web3 virtual asset concerns.

Hong Kong Regulator SFC Warns ICOs as Unauthorized Investment Schemes

Hong Kong Regulator SFC Warns ICOs as Unauthorized Investment Schemes

The Hong Kong Securities and Financial Commission have issued a warning to the public to beware of unregulated investment schemes, such as digital tokens and initial coin offerings (ICO).

Signum Digital Receives Approval for Security Token Offering Platform

Signum Digital Receives Approval for Security Token Offering Platform

Signum Digital, a joint venture of Coinstreet and Somerley, has received approval-in-principle from Hong Kong Securities and Futures Commission for its security token offering platform called CS-Pro. The platform will allow investment in tangible assets such as private equities, real estate, art, and collectibles.

Bitcoin Adoption is the Ultimate Protest Against Government and State Abuse of Freedoms

Bitcoin Adoption is the Ultimate Protest Against Government and State Abuse of Freedoms

As protests break out across the globe against state and central authorities, are the protesters overlooking their best and most potent weapon in Bitcoin? Bitcoin in essence, was built for protest and could potentially destabilize the central source of power for our governments—control over traditional financial systems.

Former HKEX Executive: Will HkbitEX Issue Its First STO Project Next Year?

Former HKEX Executive: Will HkbitEX Issue Its First STO Project Next Year?

On a forum, the Chief Development Officer of HKbitEX said that she hoped the company would issue its first security token offering (STO) project in 2021.

HKMA Releases Whitepaper on Proposing the issue of CBDC: e-HKD

HKMA Releases Whitepaper on Proposing the issue of CBDC: e-HKD

The Hong Kong Monetary Authority (HKMA) has published a Whitepaper to discuss the technical consideration of its proposed CBDC dubbed the e-HKD.

China Plans to Incorporate Blockchain in Attempt for Hainan to Overtake Hong Kong on International Trade

China Plans to Incorporate Blockchain in Attempt for Hainan to Overtake Hong Kong on International Trade

The Chinese government is planning to make the province of Hainan into a free trade port, focusing on facilitating free trade, investment, and cross-border capital flows. The plan encourages government institutions to use blockchain and other emerging technologies to improve government functions. The government’s plan has mentioned blockchain technology consistently, as it could have the potential to be used in social governance, as well as protecting data systems including intellectual property rights.

Crypto Exchange FTX Relocates its HQ to the Bahamas from Hong Kong

Crypto Exchange FTX Relocates its HQ to the Bahamas from Hong Kong

Digital assets derivatives exchange FTX reportedly has relocated their headquarter to Nassau, the Bahamas, from Hong Kong, citing fewer regulation restrictions on the island nation.

Hong Kong to Release Cryptocurrency Exchange Licensing Guidelines

Hong Kong to Release Cryptocurrency Exchange Licensing Guidelines

The Hong Kong Securities Futures Commission (SFC) plans to release guidelines for cryptocurrency exchange licensing next month, in support of trading services to retail investors by June 1. AML/KYC regulatory requirements were key considerations in the consultation process. Some trading platforms have already received licenses, while others have chosen to cease operations.

Despite Industry Upheaval, Hong Kong Seeks Crypto Hub Status

Despite Industry Upheaval, Hong Kong Seeks Crypto Hub Status

Hong Kong's government supports bitcoin infrastructure development. In 2023, Hong Kong's finance secretary Paul Chan said the government and authorities would work with crypto and fintech businesses. Many sector businesses want to develop in Hong Kong or go public on local markets.

Hong Kong's SFC Warns of Improper Practices by Unlicensed Virtual Asset Trading Platforms

Hong Kong's SFC Warns of Improper Practices by Unlicensed Virtual Asset Trading Platforms

The Hong Kong Securities and Futures Commission (SFC) has warned against unlicensed virtual asset trading platforms (VATPs) engaging in improper practices, including false licensing claims and non-compliance with regulations.

Benjamin Quinlan: New Chairman of FinTech Association of Hong Kong Shares Vision for FTAHK 2.0 and the Future of Asia's FinTech Ecosystem

Benjamin Quinlan: New Chairman of FinTech Association of Hong Kong Shares Vision for FTAHK 2.0 and the Future of Asia's FinTech Ecosystem

The FinTech Association of Hong Kong has elected Benjamin Quinlan as Chairman to lead it through the next chapter of its mission to foster the FinTech ecosystem in Hong Kong and Asia.

HKMA Stablecoin Regulations to Demand Backing by Underlying Assets

HKMA Stablecoin Regulations to Demand Backing by Underlying Assets

The main financial regulator will require stablecoin issuers to always back their values with reserve assets.

SEBA Bank Secures SFC License, Expanding Crypto Services to Hong Kong

SEBA Bank Secures SFC License, Expanding Crypto Services to Hong Kong

Swiss cryptocurrency bank SEBA Bank has been granted a Hong Kong Securities and Futures Commission license to offer trading, distribution, advisory, and asset management services in the Asia Pacific region.

Hong Kong is the Most Crypto-Ready Economy, Study Shows

Hong Kong is the Most Crypto-Ready Economy, Study Shows

Crypto adoption in Hong Kong is going to expand, as the city has emerged as the readiest country/ region to embrace digital assets era, according to a study by trading platform Forex Suggest.

HKSFC to Hire 4 More Staff to Supervise Crypto

HKSFC to Hire 4 More Staff to Supervise Crypto

The statement states that more operators want to use virtual assets.

Hong Kong Authorities Warn Against MEXC Impersonation Scam

Hong Kong Authorities Warn Against MEXC Impersonation Scam

Hong Kong's SFC and Police have issued an alert over a fraudulent entity masquerading as MEXC, tricking investors into depositing funds with promises of investment returns, highlighting the increasing vigilance against crypto frauds.

Hong Kong Suffers Surge in Crypto Scams in 2022

Hong Kong Suffers Surge in Crypto Scams in 2022

Hong Kong police reported a surge in crypto-related scams in 2022, with losses amounting to HK$1.7 billion ($216.6 million), up 106% from the previous year. The number of crypto-related scam cases reported in Hong Kong also surged by 67% from 2021. Such scams accounted for over 50% of the HK$3.2 billion ($407 million) stolen from city residents in technology crimes. The Hong Kong police CyberDefender website reported almost 23,000 cases of technology-related crimes in 2022. The use of cryptocurrency has made it more complicated for enforcement to track criminal funds, as fraudsters can hide their identities, transactions, and final destination.

Huobi Tech Files to List Crypto ETF Product in Hong Kong

Huobi Tech Files to List Crypto ETF Product in Hong Kong

Huobi Tech asset management firm has reportedly filed the application for a crypto-based ETF to the Securities and Futures Commission (SFC) in Hong Kong.

First Crypto Fund Approved by Hong Kong’s Financial Regulator Aims to Pass $100M in its First Year

First Crypto Fund Approved by Hong Kong’s Financial Regulator Aims to Pass $100M in its First Year

Hong Kong’s first approved cryptocurrency fund, Arrano Capital, the blockchain arm of Venture Smart Asia announced its rollout of a new Bitcoin fund in Hong Kong.

Hong Kong SFC Chief Executive: New Guidelines for Crypto Trading Platforms Prioritize Investor Protection

Hong Kong SFC Chief Executive: New Guidelines for Crypto Trading Platforms Prioritize Investor Protection

The Hong Kong Securities and Futures Commission (SFC) announced that the upcoming guidelines for operators of virtual asset trading platforms will place investor protection at the forefront.

HK Legislative Council Member Advocates for Integrating Senior Economy with Web3

HK Legislative Council Member Advocates for Integrating Senior Economy with Web3

Johnny Ng discussed the senior economy's integration with the internet and Web3's potential to boost content creator earnings at the 2023 World Internet Conference, highlighting Hong Kong's growing interest.

Hong Kong's 2024 Budget Introduces 'Regulatory Sandbox' for Stablecoin Testing

Hong Kong's 2024 Budget Introduces 'Regulatory Sandbox' for Stablecoin Testing

Hong Kong to launch a 'regulatory sandbox' for testing stablecoin issuance and business models, as outlined in the city's 2024 budget plan.

Market Researcher States That Bitcoin is an Indicator for Geopolitical Turmoil

Market Researcher States That Bitcoin is an Indicator for Geopolitical Turmoil

Nicolas Colas, a market researcher and Co-founder of market research firm DataTrek Research, says that Bitcoin could be used as an indication for geopolitical turmoil.

Interactive Brokers Taps OSL To Offer Digital Assets Services in Hong Kong

Interactive Brokers Taps OSL To Offer Digital Assets Services in Hong Kong

Interactive Brokers is working with OSL Digital Securities to expand the use of virtual assets dealing services in Hong Kong, witnessing investors' growing interest in exploring opportunities in investing in crypto-assets.

Interactive Brokers Launches Crypto Trading Services for Institutional Clients

Interactive Brokers Launches Crypto Trading Services for Institutional Clients

In 2023, Hong Kong will cooperate with cryptocurrency and fintech firms.

Hong Kong Crypto Exchange OSL Opens Institutions Investment in Security Tokens

Hong Kong Crypto Exchange OSL Opens Institutions Investment in Security Tokens

OSL offers sales of security tokens to institutional investors after receiving a Type 1 license from the SFC. The offerings enable investors to own digital assets pegged to financial assets indirectly.

HashKey Exchange Becomes First Licensed Retail Crypto Trading Platform in Hong Kong

HashKey Exchange Becomes First Licensed Retail Crypto Trading Platform in Hong Kong

Hong Kong, 3 August 2023 - HashKey Exchange has announced the official upgrade of its Type 1 and Type 7 licences, becoming the first licensed virtual asset exchange for retail users in Hong Kong.

Hong Kong FinTech Week 2023  "Fintech Redefined"

Hong Kong FinTech Week 2023 "Fintech Redefined"

Hong Kong FinTech Week 2023, scheduled from October 30 to November 5, themed "Fintech Redefined," aims to shape fintech's future. Organized by Financial Services and the Treasury Bureau and InvestHK, it's expected to attract over 30,000 attendees and 5 million online views from 90+ economies. The event will feature 300+ speakers, 540 exhibitors, and various sessions exploring global fintech developments including AI, Web3, and green finance. It'll also showcase metaverse experiences and hold special events like the Global Scaleup Competition and a dedicated day for cross-boundary synergies between Hong Kong and Shenzhen.

Hong Kong’s Central Bank and Bank of Thailand Announce Results of Blockchain-Based CBDC Study

Hong Kong’s Central Bank and Bank of Thailand Announce Results of Blockchain-Based CBDC Study

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand published the results in a research report of the Project Inthanon-LionRock, by the two central banks on the application of central bank digital currencies (CBDCs) on cross-border payments. In May 2019, the two authorities signed a Memorandum of Understanding (MoU) on fintech collaboration, as Thailand is one of Hong Kong’s top 10 principal trading partners.

Chinese Banks Support Hong Kong Crypto Firms

Chinese Banks Support Hong Kong Crypto Firms

Chinese state-owned banks in Hong Kong are offering banking services to crypto firms ahead of a new licensing regime for crypto exchanges in June. Despite an ongoing crypto ban in China, representatives from Chinese banks have reportedly approached crypto firms in Hong Kong to offer banking services.

Hong Kong's SFC Sets 2024-2026 Agenda: Emphasis on Tokenization and Virtual Asset Innovation

Hong Kong's SFC Sets 2024-2026 Agenda: Emphasis on Tokenization and Virtual Asset Innovation

The SFC’s Strategic Priorities for 2024-2026 focus on enhancing Hong Kong's financial sector by maintaining market resilience, boosting global competitiveness, embracing financial innovation, and improving institutional resilience.

Hong Kong's VSFG Set to Pioneer Spot Bitcoin ETF in Q1 2024

Hong Kong's VSFG Set to Pioneer Spot Bitcoin ETF in Q1 2024

Hong Kong's VSFG is set to launch a spot Bitcoin ETF in Q1 2024, aiming for $500 million in assets. This aligns with Hong Kong's regulatory shift towards cryptocurrency and its ambition to become a digital asset hub.

Hong Kong Lists CBDC Development as Strategy Fintech 2025 Roadmap

Hong Kong Lists CBDC Development as Strategy Fintech 2025 Roadmap

The Hong Kong Monetary Authority has enlisted its e-HKD development as part of its Fintech 2025 strategy.

Hong Kong Web3 Festival 2023, Hong Kong’s Largest-Ever Premier Digital Asset Event, is here.

Hong Kong Web3 Festival 2023, Hong Kong’s Largest-Ever Premier Digital Asset Event, is here.

A Platform for Worldwide Leaders to Discuss the Latest Web3 and Blockchain Trends

Hong Kong’s Securities and Futures Commission Sets New Regulations for Crypto Exchanges

Hong Kong’s Securities and Futures Commission Sets New Regulations for Crypto Exchanges

The Securities and Futures Commission, Hong Kong’s financial regulatory has set out new regulations for Bitcoin and cryptocurrency exchanges on Oct. 6. Announced by Ashley Alder, Chief Executive of the Hong Kong SFC made an announcement in his speech at the Hong Kong FinTech Week 2019. Following his speech, the SFC also published a new regulatory approach to “virtual asset trading platforms,” on its website.

Why Hong Kong is Still Not Ready to Become Asia's Leader in Crypto and Blockchain

Why Hong Kong is Still Not Ready to Become Asia's Leader in Crypto and Blockchain

During a live webinar, as part of the UK FinTech Week, Clara Chiu, the Head of Fintech Unit & Director of Licensing at the SFC explicitly stated that Hong Kong does not have the mandate to create a large regulatory regime for cryptocurrencies or to attract more investors or players in the crypto field. Rather than promoting the crypto sector, Hong Kong is rather focused on protecting investors and promoting new regulations for the same reason. Is focusing on licensing enough for the city?

Hong Kong to introduce comprehensive stablecoin regulation, focusing on innovation and investor protection.

Hong Kong to introduce comprehensive stablecoin regulation, focusing on innovation and investor protection.

Hong Kong is launching a public consultation to establish comprehensive stablecoin regulations, aiming to balance innovation with investor protection, marking a significant step in cryptocurrency governance.

Hong Kong's Ambition to Thrive in Web3: Exploring the Development of Selected Regional Web 3.0 Technologies

Hong Kong's Ambition to Thrive in Web3: Exploring the Development of Selected Regional Web 3.0 Technologies

Recently, the Research Unit of the Legislative Council Secretariat of Hong Kong released a summary of the document titled 'Development of Selected Regional Web 3.0 Technologies.

China Passes Civil Code Which Will Allow its Citizens to Inherit Cryptocurrency

China Passes Civil Code Which Will Allow its Citizens to Inherit Cryptocurrency

At the Thirteenth National People’s Congress held in Beijing China, the parliament passed a new civil code that protects the civil rights of inheritance, marriage, property, personality, and contract infringement. According to Lixin Yang, a professor at Renmin University of China, the civil code states that “When a natural person dies, the legacy is the personal legal property left by she/he.” Personal legal property in this case also means “internet property” including virtual currencies. Chinese citizens will be able to leave their cryptocurrency and virtual assets to their heirs, coming into effect on January 1, 2021.

Gate.io to Launch Crypto Exchange in Hong Kong Following Government's $6.4M Investment in Web3

Gate.io to Launch Crypto Exchange in Hong Kong Following Government's $6.4M Investment in Web3

Hong Kong's current budget allocates millions to the Web3 and crypto industries to "keep up with the times," allowing Gate.io to establish a local presence.

Hong Kong Monetary Authority Emphasizes AI and DLT in Fintech Roadmap

Hong Kong Monetary Authority Emphasizes AI and DLT in Fintech Roadmap

The Hong Kong Monetary Authority (HKMA) has released a Fintech Promotion Roadmap, aiming to promote fintech adoption in the financial services industry. The roadmap includes key fintech sectors like Wealthtech, Insurtech, and Greentech, and introduces AI and DLT. It aligns with HKMA's "Fintech 2025" strategy.

Hong Kong Security Chief Vows to Hunt Down JPEX Crypto Scam Ringleaders

Hong Kong Security Chief Vows to Hunt Down JPEX Crypto Scam Ringleaders

Hong Kong authorities are intensifying efforts to apprehend the key operators behind JPEX, a cryptocurrency platform implicated in the city's largest alleged financial fraud. The police have arrested 15 individuals and seized assets worth HK$85 million ($10.8 million). Financial Secretary Paul Chan Mo-po emphasized the need for a proper regulatory framework for Web3-related businesses.

Hong Kong Central Bank Urges Crypto-Friendly Banking

Hong Kong Central Bank Urges Crypto-Friendly Banking

The Hong Kong Monetary Authority (HKMA) has instructed authorized institutions to adopt a risk-based approach in Anti-Money Laundering efforts and provide banking services to cryptocurrency firms.

Hong Kong Blockchain Startup Bitspark Announces Closure Amid Coronavirus Outbreak and Protests

Hong Kong Blockchain Startup Bitspark Announces Closure Amid Coronavirus Outbreak and Protests

Bitspark, a blockchain remittance startup based in Hong Kong recently announced its abrupt closure, stating internal restructuring issues.

New Art Landscape of NFT Shaping in Hong Kong

New Art Landscape of NFT Shaping in Hong Kong

【Feature】Although Hong Kong's art scene is already booming lucratively with galleries and auction houses showcasing world-class art pieces, the city is on its way to adding another milestone on its journey with non-fungible tokens (NFTs).

Chinese Banks Embrace Crypto in Hong Kong

Chinese Banks Embrace Crypto in Hong Kong

Chinese banks are collaborating with cryptocurrency companies in Hong Kong, providing account services and acting as settlement banks. Despite China's crackdown on crypto in the mainland, the country's state-affiliated banks are building partnerships in Hong Kong, taking advantage of the city's push to become a crypto hub.

The Fight for Freedom: Bitcoin and Hong Kong Battle Old World Control

The Fight for Freedom: Bitcoin and Hong Kong Battle Old World Control

Financial systems and governments clash. Hong Kong and Bitcoin fight for Freedom.

Standard Chartered Undertakes First Cross-Blockchain Trade Transaction Between Hong Kong and Mainland China

Standard Chartered Undertakes First Cross-Blockchain Trade Transaction Between Hong Kong and Mainland China

Standard Chartered has made a milestone by completing its first cross-blockchain trade finance pilot transaction between Hong Kong and China.

Binance Launches Joint Anti-Scam Campaign

Binance Launches Joint Anti-Scam Campaign

Binance has launched a "Joint Anti-Scam Campaign" in Hong Kong in cooperation with local law enforcement agencies. The initiative involves issuing targeted alerts to potential victims of scams to prevent them from falling victim to fraudulent activity. Binance intends to expand the campaign to other jurisdictions.

Blockchain Industry Leaders R3 and FORMS HK join Cyberport to Launch “Block AdVenture” Program

Blockchain Industry Leaders R3 and FORMS HK join Cyberport to Launch “Block AdVenture” Program

Hong Kong's innovation hub, Cyberport along with leading global enterprise blockchain platform provider R3 and FORMS HK have launched the Block AdVenture program.

92% High-Net-Worth Individuals in SG & HK Are Interested in Digital Assets: KPMG

92% High-Net-Worth Individuals in SG & HK Are Interested in Digital Assets: KPMG

KPMG China conducted a study dubbed “Investing in Digital Assets” and found that family offices and high-net-worth individuals in Singapore and Hong Kong have a growing interest in terms of virtual digital assets.

HKMA Seeks Public Consultation for e-HKD Development

HKMA Seeks Public Consultation for e-HKD Development

In Hong Kong, the local financial regulator has issued a discussion paper to the public, asking for the public opinions about introducing domestic retail central bank digital currency.

Driving Web3 Innovation: Hong Kong’s Commitment Towards Tech-Led Future Unveiled by the Financial Secretary

Driving Web3 Innovation: Hong Kong’s Commitment Towards Tech-Led Future Unveiled by the Financial Secretary

In a recent blog post, Hong Kong's Financial Secretary celebrated Father's Day while also sharing the government's significant efforts in stimulating innovative technological development.

HK's Official Blockchain Platform eTradeConnect to Terminate Operations

HK's Official Blockchain Platform eTradeConnect to Terminate Operations

eTradeConnect, a blockchain-based trade finance platform supported by the Hong Kong Monetary Authority (HKMA) and twelve banks, is set to cease operations by the end of the month. Initially launched to digitalize trade documents and streamline operations, it has seen a decline in usage, leading to its impending closure.

H.K.-based CMCC Global's Crypto Fund Targets $300M, Drawing Tycoon Richard Li's Attention

H.K.-based CMCC Global's Crypto Fund Targets $300M, Drawing Tycoon Richard Li's Attention

The CMCC Global Asset Management Ltd's target of $300 million in assets for its latest crypto fund is attracting investors like Hong Kong tycoon Richard Li, allowing them to bet on blockchain and its applications.

BC Technology Group Halts Trading Amid Notifiable Transaction

BC Technology Group Halts Trading Amid Notifiable Transaction

BC Technology Group Limited halted trading on Hong Kong Stock Exchange due to pending announcement about potential sale of crypto platform OSL, valued at $128 million.

Hong Kong Government Alerts Public to AI-Generated Scams Featuring Deepfake of Chief Executive

Hong Kong Government Alerts Public to AI-Generated Scams Featuring Deepfake of Chief Executive

The Hong Kong government warns against AI-generated scams, including a deepfake video of Chief Executive John Lee, urging public vigilance and caution.

HSBC Rolls Out Metaverse Fund for Premium Clients in Singapore and Hong Kong

HSBC Rolls Out Metaverse Fund for Premium Clients in Singapore and Hong Kong

As the metaverse continues to gain momentum, HSBC Holdings has established a fund to render investment opportunities to its high and ultra-high net worth investors in Singapore and Hong Kong.

DBS Bank to Expand Crypto Services to Hong Kong

DBS Bank to Expand Crypto Services to Hong Kong

As Hong Kong strives to become a digital asset center, Singapore state-owned megabank DBS Group plans to extend its crypto platform there.

Hong Kong International Airport Launches First-Ever Metaverse

Hong Kong International Airport Launches First-Ever Metaverse

Hong Kong International Airport (HKIA) has partnered with JCDecaux Transport Hong Kong to introduce the first-ever HKIA Metaverse.

Yahoo Hong Kong to Launch NFTs Products for Pet Lovers

Yahoo Hong Kong to Launch NFTs Products for Pet Lovers

City Frenchie is already being built in Metaverse. Yahoo will launch the first NFT project at a prime location on the virtual island of Hong Kong.

Three Arrows' OPNX Announces Shutdown

Three Arrows' OPNX Announces Shutdown

OPNX, a cryptocurrency exchange and bankruptcy claims platform, will cease operations by February 14, 2024, due to regulatory challenges and financial penalties.

U.S. Ranks The Most Crypto-friendly Country/Territories Worldwide; Hong Kong Takes 3rd Runner Up

U.S. Ranks The Most Crypto-friendly Country/Territories Worldwide; Hong Kong Takes 3rd Runner Up

A study conducted by Crypto Head shows the United States takes the lead as the crypto-friendly country or territory to adopt cryptocurrencies worldwide, while Hong Kong enjoys the fourth most crypto-friendly region.

Will Hong Kong's Status as an International Digital Financial Hub be Affected by the National Security Law?

Will Hong Kong's Status as an International Digital Financial Hub be Affected by the National Security Law?

2020 has been quite a year for Hong Kong, marked by months of political unrest, the emergence of the coronavirus pandemic, and a sweeping new national security law that China imposed on the city. The national security law, unanimously passed by China’s ruling Communist Party, sets up against secession, subversion, terrorism, and collusion with foreign forces to endanger national security.

PwC Expert's Take: What Are the 3 Grey Areas to Crypto Taxation in Hong Kong?

PwC Expert's Take: What Are the 3 Grey Areas to Crypto Taxation in Hong Kong?

The Inland Revenue Department (IRD) of Hong Kong took a step further to provide clarity in taxing digital assets. In the recent press release titled “LCQ20: Regulation of virtual asset investment activities”, James Lau, the Secretary for Financial Services and the Treasury answered the queries raised by the Hon Wu Chi-wai on taxation of virtual assets, tax evasion of virtual asset-related business and latest effort to regulate virtual assets by the Hong Kong Securities and Futures Commission (SFC).

FinTech Remains as a High Priority Sector, Says Hong Kong Chief Executive Carrie Lam at the Asian Financial Forum 2020

FinTech Remains as a High Priority Sector, Says Hong Kong Chief Executive Carrie Lam at the Asian Financial Forum 2020

The 13th Asian Financial Forum, taking place as a two-day event starting on Jan. 13, 2020, in Hong Kong, gathering the most influential leaders of the global financial, government, and business sectors, groundbreaking discussions on inclusiveness, innovation, and fintech.

US Awaits Recession While Bitcoin Becomes the Last Resort

US Awaits Recession While Bitcoin Becomes the Last Resort

The trade-war worries affected the financial markets on Wednesday, while stocks and commodities tumbled in Europe and the United States. Equities declined more than 1% in the United States after the S&P 500 Index fell 2.93%, the NASDAQ shed 3%, and the Dow Jones tumbled over 3%.

DFINITY Unveils $20 Million ICP Asia Alliance to Propel Web3 Adoption

DFINITY Unveils $20 Million ICP Asia Alliance to Propel Web3 Adoption

DFINITY Foundation launches the ICP Asia Alliance and a $20 million fund on September 28, 2023, to accelerate Web3 and AI adoption in Asia. The alliance aspires to unite diverse stakeholders, foster innovation, and catalyze the growth of the Internet Computer blockchain across the region, underlined by the establishment of multiple ICP.Hubs and strategic partnerships.

Hong Kong Sets 50% Insurance Mandate for Crypto Exchanges

Hong Kong Sets 50% Insurance Mandate for Crypto Exchanges

Hong Kong's SFC mandates 50% insurance coverage for licensed crypto exchanges, with OSL and HashKey Exchange leading compliance by securing extensive insurance policies for customer asset protection.

PwC Felix Kan: The Ethical Hacker for Modern Cyberattacks

PwC Felix Kan: The Ethical Hacker for Modern Cyberattacks

Felix Kan is a Partner in PwC’s Risk Assurance Cybersecurity Privacy practice with 10 years of extensive experience. Kan began his career as an ethical hacker and has committed his career to helping Hong Kong companies enhance their protections against increasingly sophisticated cyberattacks.

Hong Kong to Pioneer Web3 Financing Platform for SMEs in the Greater Bay Area

Hong Kong to Pioneer Web3 Financing Platform for SMEs in the Greater Bay Area

NPC delegate Wu Jiezhuang proposes the creation of a Web3 financing platform in the Greater Bay Area to foster SME innovation and international expansion.

Regulator in Hong Kong Warns Users Against NFT Trading Risks

Regulator in Hong Kong Warns Users Against NFT Trading Risks

The Securities and Futures Commission of Hong Kong has stepped up its awareness campaign in relation to the risks inherent in the trading of NFTs.

Hong Kong SFC Agrees in Principle to License Fidelity Backed OSL Crypto Firm

Hong Kong SFC Agrees in Principle to License Fidelity Backed OSL Crypto Firm

Hong Kong’s Securities and Futures Commission (SFC) has agreed in principle to license the cryptocurrency firm OSL Digital Securities.

Hong Kong Securities Regulator Aims to Tighten Digital Asset Regulations Later This Year

Hong Kong Securities Regulator Aims to Tighten Digital Asset Regulations Later This Year

The CEO of the Hong Kong Securities and Futures Commission (SFC) recently stated that security tokens must be regulated by the regulatory authority.

“LU HK” Mobile App Brings a New Paradigm to Online Wealth Management, With No Entry Barriers and No Limits

“LU HK” Mobile App Brings a New Paradigm to Online Wealth Management, With No Entry Barriers and No Limits

Lu International (Hong Kong) Limited has launched its LU HK mobile application, offering 24-hours-a-day, seven-days-a-week integrated wealth management services to Hong Kong customers.

OKX announced as title sponsor and exclusive NFT ticket  distribution partner for the Hong Kong Web3 Festival 2023

OKX announced as title sponsor and exclusive NFT ticket distribution partner for the Hong Kong Web3 Festival 2023

OKX, the world’s second-largest crypto exchange by trading volume and leading Web3 technology company, has been named title sponsor and exclusive NFT ticket distribution partner of the Hong Kong Web3 Festival 2023.

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