Cryptocurrency Analysis and News Portal
BGX Group will invest 710 million HK in BC Technology Group, the parent company of Hong Kong’s first licensed crypto exchange, OSL. BGX Group, a division of the Bitget exchange, has recently declared its intent to invest in BC Technology Group. This company is notably recognized as the parent corporation of
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The addition of Uniswap will be available for professional investors only, HashKey said. Hong Kong cryptocurrency exchange HashKey Exchange is expanding its list of supported assets with Uniswap (UNI) as the firm doubles down on its regional strategy. On Nov. 6, HashKey Exchange said in a press release it had begun accepting
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In January, the SFC tightened regulations by restricting retail investors from accessing crypto spot ETFs, limiting them to professional investors with portfolios of at least 8 million HKD ($1 Million). Then, in October, the SFC updated its rule book to allow a broader range of investors to engage in spot-crypto
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“SFC has been assessing various proposals on tokenization of SFC-authorised investment products, for example, some for primary dealing of a tokenized product (i.e., subscription and redemption) and some for secondary trading of a tokenized product on an SFC-licensed virtual asset trading platform,” the SFC said. Original Source
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The attitude of Hong Kong residents towards cryptocurrency has sharply worsened after the scandal with the JPEX cryptocurrency exchange. A survey from the Hong Kong University of Science and Technology School examined the impact of the JPEX scandal on public attitudes towards virtual assets. The survey began on Sept. 28, about 11
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Public attitude towards cryptocurrency in Hong Kong has taken a dive following the JPEX crypto exchange scandal, according to the initial findings of a new survey.The survey, conducted by The Hong Kong University of Science and Technology’s business school, was to understand how public attitudes toward virtual assets may have
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The Vice-President of HKUST criticizes Hong Kong’s current virtual asset licensing system as “Licensed to Be Killed,” advocating for a new public blockchain for real-world assets. Wang Yang, the Vice-President of The Hong Kong University of Science and Technology, recently criticized Hong Kong’s current approach to regulating virtual assets. Yang argued
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The launch of the VC fund in Hong Kong highlights the country’s rising role as a crypto haven. CMCC Global, a crypto-focused venture capital (VC) company, has successfully raised $100 million to offer equity investments to early-stage blockchain startups across Asia with a particular interest in Hong Kong, its home country. In
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The Hong Kong Securities and Futures Commission (SFC) has advised investors to exercise caution regarding JPEX, a cryptocurrency exchange operating without regulatory approval. Hong Kong clamps down on JPEX The SFC, in an announcement on Sept. 13, noted that none of the entities under the JPEX Group has obtained a license, nor
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As part of the security token issuance (STO), Taiji Capital will raise a total of $100 million HK by selling the PRINCE tokens. This will significantly reduce the financing costs marking a major shift in real-estate investment. In the latest development, the Taiji Capital Group is looking for a revolutionary transformation
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