Top 5 New Crypto to Buy as Hong Kong Announces Plans to Promote Crypto
Paul Chan Mo-po, Hong Kong’s financial secretary, reaffirmed the city’s commitment to being a stable, open, and dynamic hub for digital assets. Hong Kong has been making significant investments in Web3 innovation and blockchain infrastructure, signalling a strong push toward becoming a global leader in the sector. The state-backed Cyberport Web3 Hub now hosts over 270 blockchain firms, with an impressive 120 new additions in just the past 17 months, reflecting the region’s evolving stance on crypto adoption and development. Hong Kong Doesn’t Want to Miss the Crypto Train Hong....
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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 Animoca Brands subsidiary and blockchain-based virtual world, The Sandbox, has announced the firm has made multiple partnerships in Hong Kong, and has plans to create a “Mega City” in the metaverse. Partners who acquired land in The Sandbox to build Mega City include Hong Kong tycoon Adrian Cheng, professional services firm PWC Hong Kong, and the Hong Kong actress and model Shu Qi. The Sandbox Announces Mega City Launch Blockchain projects like Decentraland and The Sandbox have been seeing significant demand as Web3, NFTs, and metaverse hype has grown exponentially in....
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 […]
New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML) rules have been submitted to its legislature while a recently published report examines relevant threats.
Hong Kong Lawmakers to Review Bill Aligning Crypto Sector With Financial Industry
Amendments designed to govern the cryptocurrency market in Hong Kong have been presented to the members of the Legislative Council of China’s special administrative region. The....
Crypto Exchange Binance has announced that users from Hong Kong can no longer create new futures accounts. Crypto Exchange Binance Haults New Hong Kong Futures Accounts Binance announced today in a blog post on its website that the crypto exchange is winding down derivative trading in Hong Kong. The announcement explains: As the market leader, […]