Cryptocurrency Analysis and News Portal
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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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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The Hong Kong Institute of Bankers (HKIB) has onboarded six virtual banks as corporate members, according to a Jan. 2 press release.The HKIB is a non-profit institution that provides training and certification to the banking organizations in Hong Kong. The last banks joining the HKIB are Airstar Bank Limited,
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Formed in 2016, CMCC is one of the first Asian venture funds to invest in blockchain technical infrastructures such as the ethereum network, The firm raised over $30 million for its third blockchain fund from Japanese social media giant Line as well as from one of the largest family offices
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“Using the U.N.’s IRIS standards as the benchmark for reputable agencies, we are confident that the tool can help to strike out these unethical practises,” said Mark Blick, Diginex's head of government solutions. “In Hong Kong, foreign domestic workers are some of the most economically vulnerable people in our society
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Blockchain financial services firm Diginex and the United Nations-led International Organization for Migration (IOM) jointly launched a blockchain tool aiming to prevent the exploitation of migrant workers in Hong Kong.According to a Diginex press release published on Dec. 16, the tool was designed to be used by about 1,500
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