First Mover Asia: Hong Kong Isn’t Sure if It Needs a CBDC
The issues that have prompted other countries to explore a central bank digital currency don’t exist to the same extent in Hong Kong. Source
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Hong Kong’s OneDegree Inks Deal with Reinsurer Munich Re to Launch Digital Asset Insurance
As crypto’s market cap pushes past $2 trillion and makes its way onto the balance sheet of many institutional investors and corporations, Hong Kong insurer OneDegree has announced a deal with Munich Re, one of the world’s largest reinsurers, to offer a new digital asset insurance product. Original Source
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First Mover Asia: What’s in HSBC’s Metaverse Fund for Hong Kong, Singapore Private Banking Clients?; Bitcoin Declines
The financial services giant has been short on specifics, and the mystery underscores the difficulties in defining what belongs in such products; ether also falls. Original Source
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Huobi Tech to launch crypto tracking ETF in Hong Kong for retail traders
Huobi Tech, a public listed fund manager in Hong Kong, plans to launch a cryptocurrency tracking exchange-traded fund (ETF) for retail investors.The Hong Kong Stock Exchange-listed company has reportedly submitted a proposal to the Securities and Futures Commission (SFC) for its crypto ETF. The new ETF product will be focused
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Bitcoin Unaffected by Hong Kong’s Hang Seng Meltdown
Analysts says that the market crash in Hong Kong is being driven by regulatory not monetary policies, which is why the contagion has not spread to crypto. Original Source
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Hong Kong-listed Huobi Tech launches cryptocurrency OTC service
Hong Kong-listed virtual asset platform Huobi Technology Holdings has launched a cryptocurrency over-the-counter (OTC) service, the firm announced to Cointelegraph on Wednesday.Listed on the main board of the Hong Kong Stock Exchange (HKEX) since 2016, Huobi Technology was originally known as Pantronics Holdings, an electronic product maker founded back in
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Hong Kong Regulators Impose Limitations on Investing in Spot Crypto ETFs
“In the case of virtual asset futures contracts traded on a specified exchange which is a regulated futures market, trading is governed by conventional rules. Pricing transparency and potential market manipulation may be less of a concern,” the circular said, adding that the same applies to futures ETFs. Original Source
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Hong Kong’s HashKey Group Raises $360M Blockchain Fund
The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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Hong Kong begins discussions to introduce stablecoin regulatory framework
Hong Kong's central banking institution, the Hong Kong Monetary Authority (HKMA), released a questionnaire to gauge public opinion on regulations for crypto-assets and stablecoins. The state-backed regulator intends to establish a regulatory framework by 2023-24.HKMA’s “Discussion Paper on Crypto-assets and Stablecoins” highlights the explosive growth of the stablecoin market in
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Hong Kong-based Coinsuper allegedly blocks customers’ withdrawals
A cryptocurrency exchange in Hong Kong has reportedly stopped all withdrawal requests, according to reports. Coinsuper is the sole crypto firm in China that is licensed by the government, and was founded by a former senior UBS Group AG executive in November 2017.The report by Bloomberg suggests that customers of
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