Hong Kong Plans Stablecoin Regulations
Hong Kong’s new Stablecoins Bill mandates licensing for issuers and marketers under HKMA, with strict compliance rules including reserve…
Hong Kong Firm Swaps Ether For Bitcoin
Boyaa Interactive, a Hong Kong-based company swapped Ether for Bitcoin, raising its holdings to 3,183 BTC from 2,635 in September to…
Hong Kong Aims for Crypto Hub Status with Tax Cuts
Hong Kong proposes tax exemptions on crypto gains for hedge funds and wealthy individuals to boost its appeal as a global financial hub. The…
ZA Bank Offers Retail Crypto Trading
Hong Kong’s ZA Bank has announced its entry into the crypto trading industry, becoming the first bank in Asia to provide retail…
Hong Kong Digital Bank Introduces Retail Crypto Trading
The largest virtual bank in Hong Kong now offers retail users the ability to purchase Ether and Bitcoin, requiring an account and risk…
HKMA Cautions Crypto Firms on Misusing ‘Bank’ Label
The HKMA warned against unauthorized use of the term “bank” by crypto firms, emphasizing legal action and consumer protection. The…
Circle to Launch Blockchain Loyalty for HK Merchants
Circle, a USDC stablecoin issuer, and Hong Kong Telcom are developing Web3-powered customer loyalty programs to broaden retailer discovery and…
HKMA Drives Global Tokenization, CBDC Partnership
The Hong Kong Monetary Authority (HKMA) collaborates with Brazil and Thailand’s central banks to advance global tokenization and CBDC…
Hong Kong Expands Crypto Exchange, AI Horizons
Hong Kong’s Securities and Futures Commission (SFC) is planning to expand licensing for crypto exchanges and digital asset firms by the…
Hong Kong SFC to Grant 11 Crypto Exchange Licenses
The Hong Kong SFC is prepared to gradually grant 11 crypto exchange licenses by the end of the year 2024. The Securities and Futures…
Hong Kong’s ZA Bank Gets Crypto Approval
ZA Bank, Hong Kong’s first digital-only bank, gets crypto approval, which means it can perform more regulated services. ZA Bank, an…
Hong Kong Crypto Derivatives Align with EU
Hong Kong’s financial regulators are implementing global reporting standards for over-the-counter (OTC) crypto derivatives that are…
Stablecoins, Crypto Challenge Fiat in East Asia
Hong Kong leads Eastern Asia in cryptocurrency adoption, with 40% of the region’s value in stablecoins, marking the fastest growth rate…
Hong Kong to Launch Ethereum ETF Staking by Year-End
The crypto regulators in Hong Kong may launch Ethereum ETF staking by the end of 2024, which could likely give them an advantage over other…
First Digital CEO Says Hong Kong Should Expedite Crypto Regulation
First Digital CEO has expressed optimism that Hong Kong will speed up the country’s crypto regulation and other digital assets. Hong…
Hong Kong Bitcoin ETFs Surge Past HK$2 Billion
Hong Kong’s three spot Bitcoin ETFs have reached over HK$2 billion in assets, reflecting growing institutional demand for regulated…
Hong Kong Crypto Concerns Surface, OSL Exec Weighs In
A Hong Kong official discussed the potential impacts on stablecoins like USDT and USDC as the city considers launching HKD and USD…
Hong Kong Unveils Generative AI Sandbox for Finance
Working with Cyberport, the Hong Kong Monetary Authority is launching a generative AI sandbox focusing on fintech advances in the financial…
Chinese E-commerce Brand JD.com to Release HKD Stablecoin
A top name in the Chinese e-commerce industry, JD.com has declared its intention to release the Hong Kong Dollar (HKD) stablecoin. JD.com, one…
Hong Kong to Launch Asia’s First Inverse Bitcoin ETF
In Hong Kong on Tuesday, Asia’s first inverse bitcoin exchange-traded fund will allow investors to bet on a cryptocurrency drop On…