Hong Kong
Hong Kong Solidifies Crypto Hub Status with Bitcoin ETF Growth
Total Bitcoin holdings across three ETFs grew by 15.7%, reaching 4,500 BTC by September 2024. Bosera HashKey leads in AUM at $124.8M, while Harvest BitcoinSpot's…
IDA Raises $6M to Launch Hong Kong Dollar-Backed Stablecoin
IDA raises $6 million in seed funding to develop its first fiat-referenced stablecoin, HKDA. Major players, including Hashed and CMCC Global’s Titan Fund, back the…
Hong Kong Launches Sandbox to Drive Tokenization Adoption
HKMA's Ensemble Project Sandbox debut signals Hong Kong's ambition to lead global tokenization efforts in traditional finance. The first phase covers fixed income, liquidity management,…
Hong Kong’s Crypto Embrace: From Green Bonds to Spot Bitcoin ETFs
Hong Kong advances Web3 through regulatory frameworks and tokenized bonds. Early approval of Bitcoin and Ethereum ETFs boosts Hong Kong's crypto influence. Government commitment includes…
Binance’s Tech Helps Hong Kong Police Bust Kidnapping Ring
Binance received a letter of appreciation from the Hong Kong Police for its role in identifying suspects in a recent kidnapping case. Carlos Mak, from…
Hong Kong’s Crypto Hub Plans Hit by Regulatory Challenges
SFC inspections reveal gaps in compliance, threatening Hong Kong's crypto hub ambitions. Major exchanges face delays, with licenses at risk due to unmet regulatory standards.…
Hong Kong Lawmaker Recommends Bitcoin For Fiscal Reserves Purposes
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…
Hong Kong to Release Stablecoin Consultation Results: What to Expect
Hong Kong's Treasury Bureau will soon release a summary of the stablecoin regulatory consultation. Proposed regulations include reserve management, stabilization mechanisms, and governance requirements. In…
Hong Kong Authorities Nab Kidnappers Demanding Ransom in Crypto
Hong Kong authorities are gaining experience in handling crypto-related crimes. Authorities thwarted an attempt to kidnap a boy from a plaza in Hong Kong. Stablecoins…
Beware of These 7 Crypto Platforms: Hong Kong SFC Warns
Hong Kong's SFC warns the public against seven entities suspected of crypto fraud. The scams involved luring investors with promises of high returns, then blocking…
