'BOOST: Bitcoin' Event Draws a Crowd in Hong Kong
Over a hundred people, including a large number of absolute beginners, turned up to an event in Hong Kong last week to promote the use of bitcoin for consumers and businesses in daily life. Co-sponsored by Singapore-based payment processor startup CoinPip, the Hong Kong event, known as RISE: Bitcoin, featured its own mini trading desk (or 'Satoshi Square') to help newcomers set up wallets and make their first transactions with guidance from more experienced users. Future similar events, like one in Kuala Lumpur near the end of March, will be called BOOST: Bitcoin. There was also a "Bitcoin....
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BOOST is a series of Bitcoin parties taking place across Asia. The first event was held in Hong Kong earlier this month. It was so well received that the BOOST crew decided to take the idea regional: Bitcoin parties - Asia wide. The idea is to provide a fun and informal atmosphere to promote and educate. The focus is on the benefits of Bitcoin and related technologies for consumers and merchants. Newcomers are helped to set-up wallets, get some bitcoin and spend them immediately (at max. within 10 minutes) at the party. After all, doing is better than explaining. The event is sponsored by....
Hong Kong is one of the most important financial centres of the world, but with limited space and high demand, property in Hong Kong has always been in short supply. Simplifying home ownership in Hong Kong is therefore a prime concern for the Hong Kong government, which has undertaken a number of measures in the last few years to make home ownership both affordable and easy. The Nikkei Asian Review reported that as recently as early November, the Hong Kong government raised stamp duty to cool down the boiling Hong Kong housing market. This measure of the government was mainly aimed at....
Cryptocurrency regulation in Hong Kong is undergoing changes. The Securities and Futures Commission (SFC) is reportedly introducing a new licensing system to regulate all crypto exchanges operating in Hong Kong. Hong Kong’s New Crypto Regulation The CEO of the SFC, Ashley Alder, talked about implementing a new cryptocurrency regulatory framework at Hong Kong Fintech Week on Tuesday. All cryptocurrency trading platforms operating in Hong Kong or targeting local investors will be required to apply for a license with the SFC, Radio Television Hong Kong (RTHK) reported. “Later....
The president and chief operating officer of Nasdaq, Adena Friedman, has said that it is hoping to share information with the Hong Kong Stock Exchange on its blockchain technology, according to a report from the South China Morning Post. According to Friedman, it has become a priority for the New York-based Nasdaq to work with the Hong Kong Stock Exchange. Last month, the Hong Kong Monetary Authority (HKMA) announced that it was setting up a Fintech Innovation Hub and a Supervisory Sandbox enabling banks to conduct proof of concept trials and services. It is hoped that this will boost the....
SEBA Bank, a Switzerland-based crypto-focused bank, has secured an in-principal license to offer crypto services in Hong Kong. SEBA’s Hong Kong unit announced this achievement on August 30. The Securities and Futures Commission (SFC) license allows the bank to offer over-the-counter crypto derivatives and other products in Hong Kong. Also, SEBA Hong Kong said it […]