Cryptocurrency Analysis and News Portal
Hong Kong was crowned the best-prepared jurisdiction for widespread cryptocurrency adoption in 2023, retaining its crypto-readiness prowess for the second year in a row. A study factoring in the existence and reach of crypto — via ATMs, businesses, accessibility and legality — revealed stiff competition among the 2022 leaders as Hong
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The Hong Kong Securities and Futures Commission (SFC) has advised investors to exercise caution regarding JPEX, a cryptocurrency exchange operating without regulatory approval. Hong Kong clamps down on JPEX The SFC, in an announcement on Sept. 13, noted that none of the entities under the JPEX Group has obtained a license, nor
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The Bank for International Settlements and the central banks of Hong Kong and Israel released the results of Project Sela on Sept. 12. The project was a public-private partnership that used private intermediaries to create a retail central bank digital currency (rCBDC) combining the desirable characteristics of cash and the
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A collaborative initiative dubbed Project Sela sought to test and develop a central bank digital currency (CBDC) suited for mass retail use. The Bank for International Settlements (BIS), Hong Kong’s Monetary Authority (HKMA), and the Bank of Israel proved the feasibility of a secure retail central bank digital currency (rCBDC), according
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According to BIS research, 93% of central banks across the world are investigating the feasibility of issuing CBDCs. The Hong Kong Monetary Authority (HKMA) and the Bank of Israel (BOI) have partnered to address the privacy concerns associated with central bank digital currencies (CBDCs). This is according to a joint report
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As part of the security token issuance (STO), Taiji Capital will raise a total of $100 million HK by selling the PRINCE tokens. This will significantly reduce the financing costs marking a major shift in real-estate investment. In the latest development, the Taiji Capital Group is looking for a revolutionary transformation
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On Sep. 6, the Solana Foundation officially announced its partnership with the Crypto Fintech Lab at Hong Kong University of Science and Technology (HKUST) on X. The collaboration aims to offer Solana game courses at the lab,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied OKX is in the final stage of preparing its VASP license application to operate in Hong Kong, aiming to attract up to 200,000 retail users within a year of approval. Li Zhikai, the global chief business officer
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According to an OKX exec, the exchange is in the final stage and has banks waiting on regulatory approval in the form of a license. Popular OKX crypto exchange is close to getting a virtual asset provider license (VASP) in Hong Kong and is in the final stage of the process.
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Some of China’s state-backed telecommunications companies are keen on investing in Alibaba Cloud, said sources familiar with the matter. Alibaba Group Holding Ltd.’s cloud computing division, Alibaba Cloud, is considering a private round of fundraising from Chinese state-owned enterprises before making a debut in Hong Kong. Sources familiar with the matter
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