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27 Apr 23

Hong Kong gears up to launch crypto licensing framework

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Hong Kong prepares to unveil its eagerly-awaited cryptocurrency licensing regime next month, aiming to solidify its position as Asia’s top destination for crypto exchanges and related businesses. Hong Kong is preparing to introduce its highly anticipated cryptocurrency licensing framework next month, […]

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27 Apr 23

Bitget unveils new platform for Hong Kong users

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitget crypto exchange has launched BitgetX.hk, a new platform dedicated to its Hong Kong customers, in anticipation of the region’s virtual assets service provider (VASP) regime scheduled to take effect on June 1. BitgetX launches BitgetX.hk As the June 1 launch […]

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22 Apr 23

Hong Kong High Court shines a light on crypto’s future

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a groundbreaking decision, the Hong Kong High Court recognized cryptocurrency as property, marking a significant milestone for the future of digital assets in the city and beyond. The verdict, which centered on a liquidation case involving the now-defunct Hong Kong-based […]

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17 Apr 23

Chinese state-owned bank starts working with crypto firms in Hong Kong

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied 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 approached […]

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13 Apr 23

Hong Kong’s ZA Bank to offer crypto conversions and accounts in city’s crypto hub bid

Hong Kong’s foremost digital bank, ZA Bank, is reportedly poised to extend its virtual services to include crypto accounts and enable conversions between crypto and fiat currencies. This development comes as Hong Kong authorities endeavor to transform the area into a crypto and blockchain hub. In its capacity as a settlement bank, ZA Bank will […]

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10 Apr 23

Justin Sun announces his return to Hong Kong

Tron founder Justin Sun announced his plan to return to Hong Kong on Twitter after he claimed to be suffering from homesickness and fear of missing out (FOMO). Hong Kong as a key market for Huobi Justin Sun claims to be homesick and plans to return to Hong Kong on April 11. Justin Sun, Chinese-born […]

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09 Apr 23

Hong Kong finance secretary says time is ripe to invest in web3

Paul Chan Mo-po, the Hong Kong finance secretary, thinks this is the right time for the city to invest in web3 technology. Web3 is maturing According to reports on April 9, Mo-po is confident that despite the recent volatility witnessed in the cryptocurrency markets, marked by the collapse of major centralized exchanges and platforms, the time is […]

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03 Apr 23

Bybit to expand into Hong Kong crypto market

Dubai-based Bybit has announced plans to build its central Asian business in Hong Kong. The exchange intends to have a segment of its marketing, research, and development team in the city. WSJ has recently reported that Bybit has plans to establish its primary Asian operations in Hong Kong. The crypto exchange intends to seek a […]

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30 Mar 23

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. The SFC’s anti-money laundering and counter-terrorist financing (amendment) ordinance will take effect in June. SFC to greenlight crypto firms As part of larger plans to transform itself into a hotbed for web3 innovation, Hong Kong […]

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28 Mar 23

OKX expands to Hong Kong, to apply for VASP license

OKX exchange has set up shop in crypto-friendly Hong Kong and is now on the verge of applying for a virtual asset service provider (VASP) license in the SAR. OKX launching operations in Hong Kong OKX, the 7th-largest digital assets exchange in the world by trading volume according to CoinMarketCap, has become the latest exchange […]

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