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Kong

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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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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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18 Mar 23

Kaiko relocates to Hong Kong amid city’s pro-crypto policy pivot

Kaiko, the cryptocurrency market data provider based in Paris, is set to relocate its Asian headquarters from Singapore to Hong Kong, driven by the latter’s efforts to cement itself as a global leader in the digital asset space. The city’s pro-crypto policy pivot and emergence from Covid-related restrictions were also key factors that influenced the […]

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23 Feb 23

Gate.io to launch in Hong Kong as government invests $6.4m in web3

Crypto exchange Gate.io has announced its plans to launch in Hong Kong following the government’s cash injection of HKD 50 million ($6.4 million) into web3 under the city’s 2023-24 budget. On Feb. 22, Gate Group announced it would apply for a cryptocurrency license in Hong Kong. Hippo Financial Services, the firm’s local subsidiary, was granted […]

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20 Feb 23

Huobi seeking Hong Kong license to launch local exchange

Huobi is taking steps to gain approval from Hong Kong regulators to operate in the city, and also establish a local subsidiary that will cater to institutional investors. Huobi looking to service Hong Kong customers In a tweet thread on Feb. 20, 2023, Justin Sun, advisor at Huobi and TRON founder, said that the new […]

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