Cryptocurrency Analysis and News Portal
DEK Hong Kong Monetary Authority CEO Eddie Yue said crypto and decentralized finance are still going to be significant forces at a meeting of G20 financial officials. Original Source
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The U.S. economy added 372,000 jobs in June, more than the expected 250,000 according to Dow Jones estimates. Ruchir Sharma of Rockefeller International and Marc Chandler of Bannockburn Global Capital joined "First Mover" to share their views on global markets and the impact of macro headwinds on crypto. Plus, Ray
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New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML) rules have been submitted to its legislature while a recently published report examines relevant threats. Hong Kong Lawmakers to Review
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Summary: The team at CoinFLEX has stated that they have a deficit of $84 million originating from ‘a large individual customer’ that had earlier been identified as Roger Ver. Initially, the deficit was estimated at $47 million, but this value did not include the significant loss in liquidating his significant FLEX coin
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Ashley Alder, the CEO of Hong Kong’s Securities and Futures Commission, will become the next chair of the United Kingdom’s Financial Conduct Authority.In a Friday announcement, the U.K. Treasury said it had appointed Alder to chair the country’s financial watchdog starting in January 2023. He will succeed interim FCA chair Richard
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Alder leaves a legacy in Hong Kong of mixed crypto regulations that saw FTX depart and retail investors largely excluded. Original Source
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Hong Kong-based Samsung Asset Management (SAMHK), a local subsidiary of Samsung’s investment arm, is moving forward with a blockchain-themed exchange-traded fund (ETF).The firm expects to launch its Samsung Blockchain Technologies ETF on the Hong Kong Stock Exchange on June 23, SAMHK announced on Thursday.The ETF seeks to achieve long-term capital
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OSL Digital Securities has signed an agreement with Interactive brokers to provide virtual asset services in Hong Kong. Original Source
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Hong Kong’s securities regulator has warned investors to be wary of risks that are associated with non-fungible tokens (NFTs). The regulator also advised investors to consider investing in NFTs only if they fully understand the risks. NFTs ‘Straddle the Line Between Collectibles and Financial Assets’ A Hong Kong regulator has said
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A memo by the city’s securities and futures regulator reminds investors of the risks of NFTs. Original Source
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