Hong Kong

Hong Kong is reaffirming its goal to become a major global center for virtual assets with a second policy statement expected soon. According to Financial Secretary Paul Chan Mo-po, this...

In a move to solidify its role as a leader in the digital economy, Hong Kong has proposed several initiatives aimed at boosting the development of virtual assets. One of...

Hong Kong legislator Johnny Ng has a new idea to help address the region’s financial deficit: include Bitcoin in the city’s foreign exchange (FX) reserves, citing sources from local media....

Hong Kong has publicized plans to widen its tax-exemption net to include hedge funds and high-net-worth individuals. In a recent proposal, the Hong Kong government said the new plan would...

Hong Kong is actively working to become a leader in digital finance by introducing tokenized real-world assets (RWAs). Driving this effort is the “Ensemble” project, launched under the Hong Kong...

Jeremy Allaire, CEO and co-founder of Circle, sees Hong Kong as a key market for the company’s stablecoin, USDC. Allaire announced Circle’s plans to expand its presence in Hong Kong,...

Hong Kong plans to license digital asset exchanges by the end of 2024 after a five-month review of crypto platforms. Eric Yip, Executive Director for Intermediaries at the Securities and...

Hong Kong’s Securities and Futures Commission (SFC) is getting ready to issue new licenses for cryptocurrency exchanges and crypto-related companies this year. The announcement aligns with the SFC’s 2024 to...

ZA Bank, Hong Kong’s largest virtual bank, has received approval from the Securities and Futures Commission (SFC) for Type 1 regulated activity, allowing it to offer crypto trading services. This...

Bitcoin climbed above $66,000 on Friday, adding to the bullish momentum in the cryptocurrency market. The cryptocurrency’s recent price action has led some analysts to believe it has established a...

Hong Kong Police have arrested 25 men and women involved in a cryptocurrency scam and money laundering operation. Authorities report that digital asset scams represent 7% of all fraud cases...

Hong Kong’s securities industry saw increased profit in the first half of 2024, according to the Securities and Futures Commission (SFC) report.  Securities dealers and margin financiers posted total net...

Hong Kong Police arrested two men in connection with a theft at a digital currency exchange shop in the Sham Shui Po district. The Sham Shui Po Police District Crime...

Shenzhen, China’s SEZ bordering Hong Kong to the south, is gearing up to boost the adoption of China’s digital RMB, mirroring similar efforts in SAR, Hong Kong. The Shenzhen Local...

Hong Kong’s Bitcoin ETF market is gaining traction, with the combined holdings of the three major funds reaching 4,500 BTC, according to recent data. The ChinaAMC Bitcoin ETF (3042.HK), Harvest...

Hong Kong-based digital asset company IDA has successfully raised $6 million in seed funding, with major backing from blockchain investors CMCC Global’s Titan Fund and Hashed. This investment propels IDA...

The Hong Kong Monetary Authority (HKMA) launched the Ensemble Project Sandbox today, reflecting the city’s push towards tokenizing traditional financial and real-world assets. Local sources report the first phase of...

Hong Kong is quickly becoming a major player in the Web3 world, according to Yat Siu, CEO of a leading digital property rights firm. In a podcast, Siu observed that...

Binance exchange has been recognized by the Organized Crime and Triad Bureau (OCTB) of the Hong Kong Police Force (HKPF) for its help in cracking a recent kidnapping case. As...

Hong Kong’s crypto hub ambitions hit a snag as exchanges grapple with strict licensing requirements from the Securities and Futures Commission (SFC). On-site inspections by the SFC have revealed shortcomings...

Wu Jiezhuang suggested that Bitcoin be included in strategic fiscal reserves. Jiezhuang’s suggestion highlights Donald Trump’s campaign speech. Michael Saylor thinks Bitcoin is superior to physical capital. Hong Kong SAR...

Hong Kong’s Financial Services and the Treasury Bureau (FSTB) announced its upcoming release of the stablecoin consultation report results. This move is part of the region’s effort to draft legislative...

Hong Kong authorities are reportedly gaining experience in handling crimes involving cryptocurrencies. According to a recent report, authorities in Hong Kong thwarted a kidnapping attempt where the kidnappers demanded a...

Hong Kong’s Securities and Futures Commission (SFC) has issued a warning about seven entities suspected of crypto fraud, underscoring the risks facing investors in the city’s rapidly growing digital asset...

Hong Kong regulators are keeping crypto regulations in view. Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, announced today that regulators will monitor market developments and review...