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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.

Enabling Innovation in Asset Management: SFC's Approach

Enabling Innovation in Asset Management: SFC's Approach

Christina Choi of the SFC spoke at the Bloomberg Buy-Side Forum Hong Kong 2023, emphasizing the importance of balancing innovation with regulation in the asset management industry. She highlighted the SFC's ongoing work on guidelines for tokenization of investment products.

SFC Endorses Public Consultation on ESG Ratings Code of Conduct

SFC Endorses Public Consultation on ESG Ratings Code of Conduct

The SFC supports the industry-led public consultation on a code of conduct for ESG ratings and data product providers.

SFC Outlines Regulatory Expectations for Virtual Asset Trading Platforms Post-Transition

SFC Outlines Regulatory Expectations for Virtual Asset Trading Platforms Post-Transition

SFC briefs virtual asset trading platforms on regulatory expectations after the transition period ends.

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.

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 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.

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.

Hong Kong Outlines New Rules For Crypto Futures ETF Issuers

Hong Kong Outlines New Rules For Crypto Futures ETF Issuers

The Securities and Futures Commission (SFC) of Hong Kong, on Monday, published a detailed circular of the requirements exchange-traded fund managers need to meet to list their crypto products in the city.

HKSFC Guidance on Virtual Asset Fund Managers: The 4 Key Takeaways

HKSFC Guidance on Virtual Asset Fund Managers: The 4 Key Takeaways

The Hong Kong Securities and Futures Commission (HKSFC) released the latest guideline “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets”, providing further guidance on fund dealing and virtual asset fund management.

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.

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 Monetary Authority Sets Regulatory Standards for Tokenized Products

Hong Kong Monetary Authority Sets Regulatory Standards for Tokenized Products

The Hong Kong Monetary Authority (HKMA) has released a circular outlining regulatory standards for institutions selling and distributing tokenized products, aiming to promote innovation, ensure consumer and investor protection, and promote due diligence, transparency, and risk management.

Hong Kong's SFC Warns Public of Suspected Fraud by Crypto Exchange Bitforex

Hong Kong's SFC Warns Public of Suspected Fraud by Crypto Exchange Bitforex

Hong Kong Securities and Futures Commission (SFC), Bitforex, virtual asset fraud, cryptocurrency exchange, investor protection, suspicious activity, regulatory compliance, user complaints, hot wallet outflows.

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.

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

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.

HashKey PRO Moves to Expand Retail Services in Hong Kong with New License Application

HashKey PRO Moves to Expand Retail Services in Hong Kong with New License Application

HashKey PRO, a Hong Kong Securities and Futures Commission (SFC)-licensed virtual asset trading platform, has taken a major step towards broadening its services in the region.

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).

Meet the FinTech Entrepreneur: Co-Founder of FinFabrik, Florian Matthaeus Spiegl

Meet the FinTech Entrepreneur: Co-Founder of FinFabrik, Florian Matthaeus Spiegl

There has been a lack of innovation and digitization in the capital market systems, we sat down with Florian Spiegl, the Chief Operating Officer of FinFabrik in Hong Kong, to explore his journey from the traditional capital markets industry to the new modern digital space. FinFabrik, a start-up focused on bridging the gap between the traditional financial markets and the digitization of assets has come a long way helping institutions to digitize illiquid and alternative assets.   

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.

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.

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.

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.

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.

Breaking: Bybit Receives Unlicensed Operation Warning from HK SFC

Breaking: Bybit Receives Unlicensed Operation Warning from HK SFC

Hong Kong's SFC has issued a public warning against the unlicensed virtual asset trading platform Bybit, advising caution for potential investors.

Crypto.com Denies Allegations of Misleading Trading Practices, Faces Regulatory Scrutiny Over Proprietary Trading Concerns

Crypto.com Denies Allegations of Misleading Trading Practices, Faces Regulatory Scrutiny Over Proprietary Trading Concerns

According to insider sources cited by The Financial Times, Crypto.com, the Singapore-based cryptocurrency exchange platform, allegedly operates an in-house trading and market-making team whose primary objective is to generate profits rather than facilitate trading.

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.

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.

“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.

HKPF and SFC Form Joint Working Group to Tackle Illicit Activities in VATPs

HKPF and SFC Form Joint Working Group to Tackle Illicit Activities in VATPs

The HKPF and SFC have formed a joint working group to enhance monitoring and investigation of illegal activities related to VATPs. The group aims to facilitate information sharing, assess risks, and collaborate on investigations. The move comes amid ongoing investigations into the unlicensed operations of the Dubai-based JPEX exchange.

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.

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?

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).

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.

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.

XRP Price Stable As Grayscale Plans to Dissolve XRP Trust Closing Investment Avenue for Institutions, But Why?

XRP Price Stable As Grayscale Plans to Dissolve XRP Trust Closing Investment Avenue for Institutions, But Why?

Despite the news that Grayscale’s XRP Trust is going to be dissolved and XRP may lose a significant amount of institutional investors, the XRP price has stabilized—But why?

GlobalSTOX’s Wholly-Owned Subsidiary Has Successfully Obtained a TCSP License

GlobalSTOX’s Wholly-Owned Subsidiary Has Successfully Obtained a TCSP License

GlobalSTOX Limited (“GSL”) is pleased to announce that its wholly-owned subsidiary, HKSTOX Finance Limited, has successfully obtained a Trust or Company Service Provider License (“TCSP License”) on 29 April 2020. The TCSP license number is TC007109.

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.

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.

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