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Hong Kong Virtual Assets Consortium launched with Huobi as first member

Huobi has become the first member of the Hong Kong Virtual Assets Consortium (HKVAC), the Seychelles-based cryptocurrency exchange announced on May 31. The new organization promises to provide a ratings service and indexes when it is fully launched.The new organization is debuting at a crucial moment, as retail cryptocurrency trading

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Hong Kong and UAE central banks collab on crypto rules, fintech development

Hong Kong and the United Arab Emirates' (UAE) central banks are looking to collaborate on cryptocurrency regulations and financial technology development.On May 30, the Hong Kong Monetary Authority (HKMA) said it met with its counterparts at the Central Bank of the United Arab Emirates (CBUAE) with the two agreeing to

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Hong Kong Police Launches New Metaverse Initiative to Explore Threats & Opportunities in Web3

The Hong Kong Police Force has established a metaverse security platform through a specialized unit to educate the public on Web3 dangers. The Hong Kong Police Force has launched a new metaverse platform called CyberDefender to address the potential dangers of the metaverse. The new platform protects Hong Kong citizens in their Web3

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The Hong Kong Police Force launch new metaverse platform, ‘CyberDefender’

The cyber security unit of the Hong Kong Police Force have launched CyberDefender, a new metaverse platform designed to educate the public of the potential dangers associated with Web3 and the metaverse.According to a May 27 statement, the Cyber Security and Technology Crime Bureau (CSTCB) of the Hong Kong Police

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Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down

Another centralized exchange (CEX) bites the dust, with Hotbit announcing it will close operations due to adverse business conditions. As is common among CEX collapses in recent months, the crypto firm mentioned FTX, the ongoing banking system crisis, and even a probe, as reasons for its cash flow problems.Also facing

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Gate Group Launches New Virtual Asset Trading Service in Hong Kong to Leverage City’s Crypto-Friendly Disposition

Gate Group has established its presence in Hong Kong by launching Gate.HK, a holistic virtual asset trading facilitator.  Gate Group recently launched a new virtual asset trading platform in Hong Kong to provide top-notch service quality to users. The new Hong Kong service, Gate.HK, opened for registration and trading services on Tuesday,

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