Hong Kong Fast-Tracks Bitcoin Reserve Plan to Boost Crypto Position
Hong Kong is quickly moving forward with its plan to create a Bitcoin reserve to boost its role in the global digital economy. This move is in…
Hong Kong Accelerates Bitcoin Reserve Plan
The US crypto czar declared that Bitcoin reserves are being impacted, and Hong Kong legislator Johnny Ng stated that they must implement…
Hong Kong SFC Grants first Crypto Licenses This Year
Since mid-2024, the Securities and Futures Commission of Hong Kong has granted licenses to seven cryptocurrency trading platforms, including…
Hong Kong Courts Adopt Blockchain for Legal Notices
Hong Kong courts now use blockchain to serve legal notices to crypto wallets, streamlining action against illicit activities and anonymous…
Hong Kong Launches Initiative To Boost Bank DLT Adoption
The initiative will begin by concentrating on tokenized deposits, with the Hong Kong Monetary Authority supporting local banks in conducting…
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…