Cryptocurrency Analysis and News Portal
While HKVAEX aims to secure a license under the SFC for virtual asset trading, Binance has remained reticent about its own licensing pursuits in Hong Kong despite acknowledging the region’s growing prominence within the global crypto market. Binance, the world’s largest cryptocurrency exchange, has allegedly opened up a new digital asset
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With a separate company, Binance re wants to avoid unnecessary attention in Hong Kong while dealing with regulators overseas. Crypto exchange Binance is rumored to hide behind HKVAEX, a Hong Kong-based crypto trading platform established in 2022. Currently, HKVAEX is trying to apply for a retail trading license in the region,
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In an Oct. 20 post, the Securities and Futures Commission (SFC) of Hong Kong shared updated guidelines that will supersede the January 2022 joint circular on virtual-asset-related activities. This comes after the SFC and the HKMA received an increasing number of enquiries from intermediaries about the distribution of these assets. Following market
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The Securities and Futures Commission (SFC) of Hong Kong announced it will update its policies on virtual currency sales and requirements “in light of the latest market developments and enquiries from the industry”.In an Oct. 20 notice, the SFC said under the updated guidelines, certain virtual currency products will only
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BC Technology says statements in Bloomberg’s article are ‘factually inaccurate and highly misleading.’ Hong Kong’s BC Technology Group Ltd. has denied recent reports saying that the company is exploring the sale of its licensed crypto platform OSL. In a recent Hong Kong stock exchange filing, the firm said that the “contents and
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Didi was initially listed on the New York Stock Exchange but then it was compelled to delist due to regulatory issues in China. Chinese ride-hailing giant, Didi Global Inc (NYSE: DIDI) is reportedly making strategic moves in preparation for its upcoming Initial Public Offering (IPO) on the Hong Kong Stock Exchange
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Just 47% of retail crypto investors in Hong Kong are aware of the Virtual Asset Trading Platform Regulatory Regime, a piece of legislation that went into effect this June to protect the interests of retail investors in digital assets in the region.That’s according to an Oct. 11 report by the
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The Hong Kong Monetary Authority (HKMA) works on two CBDC-related projects, MBridge and e-HKD. The central banks of Hong Kong, China, Thailand, and the United Arab Emirates, along with HMKA, are working on developing mBridge, a cross-border central bank digital currency (CBDC) initiative. It is expected that the project will be launched
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Hong Kong’s police force has raised the alarm after 11 Hong Kong-based Binance customers were targeted in a wave of phishing scams sent through text messages. Hong Kong police warned users of the scam in an Oct. 9 post to its Facebook page dubbed “CyberDefender.”“Recently, fraudsters posing as Binance sent text
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Hong Kong police have cautioned residents about scammers posing as Binance and sending phishing texts. Over the past two weeks, authorities have recorded 11 cases, amounting to HK$3.5 million in reported losses. A local news report dated Oct. 9 calls out a post on the “Net Keeper” social platform, in which law
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