Cryptocurrency Analysis and News Portal
According to a Bloomberg report published on April 19, 2020, Hong Kong-based Venture Smart Asia Ltd. Has launched the country’s first approved cryptocurrency fund that targets a first-year size of $100 million. The fund gives an official opportunity to institutional investors to add some Bitcoin (BTC) exposure to their portfolios. Hong
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Venture Smart Asia has launched Hong Kong’s first approved cryptocurrency fund with a target of $100 million under management for its first year.According to an April 20 Bloomberg report, Arrano Capital, the blockchain arm of Venture Smart Asia, announced the rollout of a new Bitcoin (BTC) fund in Hong Kong.
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Sharing is caring!CTBC Bank in Hong Kong has cut a deal with San Francisco-based Aegis Custody to expand its digital financial asset business, launching bundle factoring, REITs and equity investment in special asset digitalization (security tokens) to tap into channels for cash flow and support diversification of the banking sector. Founder
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On Feb. 26, Hong Kong’s financial secretary Paul Chan stated that his administration will strengthen its Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies regarding cryptocurrencies.In his recent budget speech, Chan indicated that the amendments will address recommendations made by global financial watchdog, the Financial Action Task Force (FATF). New
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Authorities in crypto-friendly Hong Kong have revealed that the nation is making plans to further increase regulatory oversight on bitcoin (BTC) trading venues and crypto-related businesses operating in the state, in accordance with the recommendations of the Financial Action Task Force (FATF), according to a speech on February 26, 2020. Hong
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Hong Kong is removing tax on businesses and giving away cash in 2020. Coronavirus crashed the tourism industry and has placed the housing market vulnerable to a correction. Hong Kong’s economy could struggle to recover over the next five years. Desperate times call for desperate measures, and the government
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Fidelity International has acquired a stake in BC Group, the operator of OSL, one of Asia’s largest digital asset platforms for institutions. The company purchased 17 million shares for a 5.6% ownership position.The purchase was revealed by a Hong Kong Stock Exchange (HKEx) disclosure filed on Feb. 17. The
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Fidelity International, a spin-off from the U.S. financial services giant Fidelity Investments, has invested $14 million in the Hong Kong-based operator of crypto exchange OSL.According to public disclosures on Feb. 21, Fidelity International bought 17 million shares of OSL owner BC Group at a price of HK$6.50 (US$0.83) per share,
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The rise in unregulated cryptocurrency betting markets poses a threat to the integrity of horse racing in Asia. So warned Hong Kong Jockey Club’s executive director of racing integrity and betting analysis, Tom Chignell, at the Asian Racing Conference in Cape Town.As reported in the South China Morning Post,
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Hong Kong is investigating two suspected cases of environmental transmission in the Wuhan coronavirus. This could be a game changer for the U.S. stock market, which has previously remained confident that China could contain the spread of the virus. Beijing has hinted strongly about the risks of more than just person to
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