Hong Kong Backs Web3 With $6.4M in Annual Budget
The city's Financial Secretary will lead a task force dedicated to development of virtual assets. Source
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How Hong Kong is Gearing Up to Regulate Stablecoins
Requiring foreign entities who have already issued stablecoins to set up a Hong Kong entity for issuing stablecoins might throw up complications. Source
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Crypto in Hong Kong Getting Soft Backing From Beijing: Bloomberg
Report says officials from China’s Liaison Office have been spotted at crypto events in the City. Source
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Huobi crypto exchange aims to expand to Hong Kong amid regulatory changes
Cryptocurrency exchange Huobi Global is seeking a license in Hong Kong, as the Chinese special administrative region considers new licensing and regulatory moves that would allow them to serve retail customers.The new framework, which requires crypto exchanges to register with the Hong Kong Securities and Futures Commission (SFC), would allow the
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Huobi to Establish Crypto Exchange in Hong Kong, Applies for License, HT Token Is Up
Huobi saw its native token value surge on news that it had applied for a crypto trading license in Hong Kong. Huobi token (HT) has experienced an 18% surge following Huobi’s application for a crypto trading license in Hong Kong. The HT token traded at $6.1 as of press time, the
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Hong Kong Releases Consultation Paper as It Is Ready to Allow Trading of Large Crypto Coins
The introduction of the consultation paper, which is open until March 31, is the next major show of good faith for the regulator, and industry experts are keeping a close eye on the events moving forward. The Hong Kong Securities and Futures Commission (SFC) has released a consultation paper that
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Hong Kong outlines upcoming crypto licensing regime
Hong Kong’s Securities and Futures Commission (SFC) calls for public feedback on its newly proposed licensing regime for cryptocurrency exchanges set to take effect from June 2023.A key consideration of the public consultation window is whether to allow licensed exchanges to serve retail investors in the country and what measures
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Hong Kong Proposes Rules for Crypto Trading Platforms
Service platforms that do not plan to apply for a license should start preparing for closure in the jurisdiction, Hong Kong's securities regulator said. Source
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No, Hong Kong Won’t Be Allowing Retail Traders Access to Crypto on June 1
"For those platforms operated outside of Hong Kong, we see little incentive to incorporate in Hong Kong, establish an office here, go through the strict licensing requirements, as the local market is small," Leo Weese, co-founder of the Bitcoin Association of Hong Kong, wrote in a 2021 post. "Local institutional
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Hong Kong Successfully Offered Inaugural $100M Tokenized Green Bond
"Green bond tokenization is one of the pilot projects announced in the Government’s Policy Statement on Development of Virtual Assets in Hong Kong," said Christopher Hui, secretary for Financial Services and the Treasury, in a statement to the press. "Through a clear policy stance and road map, the Government will
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