Places Hong Kong

The impact of the FTX meltdown has outstripped the crypto ecosystem and leeched into the mainstream tech industry and beyond.

Amber Group has delayed payment of bills to third-party vendors, while some are owed in arrears for up to six months.

SFC Chair Julia Leung said the regulator intends to introduce rules to only allow investing in major virtual assets that are highly liquid.

The Samsung Bitcoin Active ETF (under the ticker FA SAMSUNG BTC) will be open for trading on Jan. 13 via the Hong Kong Stock Exchange market.

Popular BTC proponent Lyn Alden argues that contrary to claims, BTC energy consumption is not an "exponential problem."

Gate Group met the Hong Kong Financial Services and Treasury Bureau and the Securities and Futures Commission to discuss virtual asset regulation.

The Securities and Futures Commission (SFC) of Hong Kong has approved CSOP's application to list its Bitcoin and Ethereum Futures ETF on the HSE on Dec. 16.

Hong Kong will also launch a public consultation to monitor the situation in crypto.

FTX founder Sam Bankman-Fried said Hong Kong would prevail over Singapore and Korea in Web3 adoption.

New World CEO said Hong Kong could become the only place in China where virtual asset services are legal, citing the new regulations.

Hong Kong Monetary Authority published a report to announce its CBDC project, mBridge's key accomplishments, use cases, and areas of improvement.

Arthur Hayes speculates whether greenlighting retail participation in Hong Kong is a sign that China wants crypto back.

Chief Executive HKSAR John Lee mentions a bill for statutory licensing for VASPs and the city's progress in developing its CBDC in his first policy address delivered on Oct.19.

Hong Kong Monetary Authority recently said that crypto will probably play a central role in the financial systems in the future.

The exposure-free retail CBDC the Bank of Israel and the Hong Kong Monetary Authority plan to test is assumed to carry less financial risk for consumers, Bloomberg News reported.

NFTs are subject to the SFC's regulatory remit in Hong Kong as they're shifting from collectibles to financial assets, which the authorities claim is very risky and requires licensing.

Demand for compliant and safe custody services increases as digital asset landscape evolves.

Hong Kong is being assimilated into mainland China which puts the dampers on crypto innovation in the region.