HashKey To Initiate Bitcoin And Ethereum Retail Trading In Hong Kong: What’s ...
HashKey, a prominent Asian cryptocurrency exchange, will soon be offering its retail customers the option to trade in two of the most dominant digital currencies: Bitcoin and Ethereum, according to a report. This move by HashKey comes after securing crucial regulatory clearances, positioning Hong Kong as a frontrunner in adopting and legitimizing cryptocurrency trading for […]
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Hong Kong-based cryptocurrency exchange Hashkey will now support trading the Avalanche (AVAX) token on its platform. However, traders must meet an interesting requirement before interacting with this cryptocurrency on the exchange. Traders Must Meet $1 Million Portfolio Requirement: SFC On Wednesday, September 27, Hashkey announced the listing of the AVAX token on its platform, with trading expected to commence on Thursday, September 28. However, only professional investors or individuals with an investment portfolio worth at least 8 million Hong Kong dollars (equivalent to $1 million),....
Crypto businesses in Hong Kong need to have a local license and are restricted to offer services only to professional investors. Hongkong Land, a property landlord in Hong Kong, has leased out commercial office space to a local crypto-asset firm named HashKey Group following clarity around cryptocurrency regulations. Neil Anderson, director of Hongkong Land, believes that the decision to lease commercial property to crypto businesses was heavily reliant on the recent crypto regulations set by the Securities and Futures Commission (SFC):“The SFC’s recent decision to regulate digital asset....
Hong Kong is relaxing its crypto regulation to allow retail investors to trade digital assets directly. A licensing regime for crypto platforms that allows retail crypto trading is reportedly set to be enforced in March next year. Hong Kong Nears Allowing Retail Crypto Trading Hong Kong is reportedly relaxing its strict cryptocurrency regulation with a....
HashKey Capital, a digital asset management firm based in Hong Kong, has announced the launch of a new investment product focused on XRP, marking a strategic step toward increasing institutional exposure to the third largest crypto asset by market cap in Asia. The product, called the HashKey XRP Tracker Fund, is positioned as the region’s […]
Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail Tokens and Stablecoins as Part of Project Aurum A collaboration between the BIS Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority (HKMA), and the Hong Kong Applied Science and Technology Research Institute has produced a prototype of Hong Kong’s upcoming digital currency, the Bank for....