Cryptocurrency Analysis and News Portal
As Hong Kong is once again opening up to the crypto market, local investors are launching a $100-million fund to finance the digital industry. The new fund, ProDigital Future, will aim at Web3 companies in their early stages, oriented at the regional market. According to a Bloomberg report from March 30,
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Are bitcoin traders shrugging off the CFTC's action against Binance? Or is there just not enough liquidity to go around? Source
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Crypto firms setting up in Hong Kong ahead of a new licensing regime for crypto exchanges in June have reportedly found some unexpected allies in the region — Chinese state-owned banks.According to a March 27 report from Bloomberg, Chinese banks including Shanghai Pudong Development Bank, the Bank of Communications Co., and Bank
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Hong Kong’s Secretary for Financial Services and Treasury has revealed that more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. They include companies across mainland China, Canada, European Union countries, Singapore, the U.K., and the U.S. “We attach great importance to virtual asset (VA)
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After the global crypto failures and bankruptcies in 2022 and China’s known distaste for cryptocurrencies, Hong Kong regulators surprised with a raft of initiatives late last year to attract digital asset investors and platforms to the city in a drive to become the finance hub of Asia for the emerging
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Australia-based crypto exchange Independent Reserve is looking at opportunities to set up shop in Hong Kong, as the city continues efforts to become a cryptocurrency hub. Set to take effect in June, the Hong Kong Securities and Futures Commission (SFC) released a proposed licensing regime for cryptocurrency exchanges on Feb. 20
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The special administrative unit in Hong Kong is also contemplating a way to introduce a compulsory licensing regime for stablecoin issuers as early as this year. Kaiko, a French crypto market data provider, will shift its headquarters from Singapore to Hong Kong for greener pastures in the upcoming center for Web3
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More than 80 virtual asset-related firms across Mainland China and foreign nations have expressed interest in establishing a presence in Hong Kong, amid efforts from the city to become a leading hub for Web3. In a March 20 speech in Hong Kong, the Secretary for Financial Services and the Treasury, Christian
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Signum Digital, a joint venture of Coinstreet and Somerley, has announced that it has received an approval-in-principle from the Hong Kong Securities and Futures Commission (SFC) for its security token offering (STO) and subscription platform.Security tokens are a new category of digital assets built on blockchain technology representing ownership of
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Some countries around the world suffered bigger financial losses to cryptocurrency scams despite a massive bear market in 2022.Losses from crypto scams in Hong Kong amounted to 1.7 billion Hong Kong dollars ($216.6 million) last year, surging 106% from a year before, according to the local police.The number of crypto-related
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