Places Hong Kong

Hong Kong’s crypto users could shift to “unregulated” and riskier venues to trade their digital assets should the government move forward with tighter controls on the rising sector, a group of crypto exchange owners said over the weekend. The way out of regulation The statements came months after Hong Kong’s Financial Services and the Treasury […]

Changing policies and financial regulations in Hong Kong have now targeted the burgeoning crypto space.  As per a statement by the city’s securities watchdog on Tuesday, Hong Kong will now require all cryptocurrency trading platforms to be regulated whether or not they trade securities. Unregulated crypto exchanges may commit an “offense” As per Reuters that […]

Wouldn’t it be weird if the first thing you saw in your morning newspaper was a massive Bitcoin logo? Well, that’s what happened on Aug. 24, when readers of the popular Hong Kong newspaper the Apple Daily were treated to a full-page advertisement promoting the leading cryptocurrency. Genesis Block: Bitcoin will never ditch you We […]

Accredited investors in Hong Kong are facing scrutiny from wealth managers and banks globally — the latter searching for investor ties to a pro-democracy narrative. Coinbase CEO Brian Armstrong called the above an example of why “open finance” was required in today’s environment. “Politically exposed” One year after Hong Kong demonstrators led rallies against an […]

Security in the cryptocurrency market, and its related products, is a long-revered feature by both users and long-term investors. While digital asset businesses firms boast of top-notch security and protection, hacks and scams have, time and again, led to an overall loss of confidence about the claims made by several firms.  To this end, some […]

Last year, Bitcoin embarked on a strong rally from the low-$3,000s to a high just shy of $14,000. It was a more than 300 percent rally that caught many traders off guard, especially because it came just months after a brutal -80 percent bear market. The jury is still out on what caused demand for […]

According to Dovey Wan, founder at Primitive Ventures, the Hong Kong Securities and Exchange Commission (SEC) is set to release a crypto exchange application guideline. Wan said: “Hong Kong SEC will announce detail in about an hour regarding cryptocurrency exchange application criteria. Considering Huobi has already backdoor listed on HKex, this will definitely play them […]

With Hong Kong facing a shortage of cash due to defunct ATMs and the crash of PMC Bank in India leaving almost a million people without access to their accounts, Bitcoin could emerge as the savior of those facing financial crises. Crisis in Hong Kong and India show how fragile cash savings are The four-month-long […]

BitPay, a Bitcoin payment processor, was criticized by the Hong Kong Free Press for arbitrarily suspending donations to the publication, alleges editor-in-chief Tom Grundy. BitPay suspends donations to Hong Kong Free Press BitPay was accused of suspending donations to the Hong Kong Free Press, said editor-in-chief Tom Grundy, amidst massive city-wide protests and clashes with […]

Protesters in Hong Kong have taken to a new non-violent tactic, withdrawing cash in mass from ATMs and banks and converting it to U.S. dollars—foreshadowing things to come for Bitcoin. On Aug. 16, protesters in Hong Kong announced plans to withdraw their cash from the banking system in protest of overreach from mainland China, reported […]

Amidst intensifying geopolitical risks and growing uncertainty in the global financial market, heavyweight investors like Michael Novogratz and Travis Kling foresee Bitcoin emerging as a viable alternative store of value. “With the yuan over 7.0, an FX war, instability in HKG and the beginnings of capital flight, BTC rally could have real legs,” said Novogratz. […]

Protests against a controversial extradition law resulted in Bitcoin trading at a premium in Hong Kong. BTC has been trading between $75 and $160 over the global average on local exchange Tidebit, with many experts believing an even bigger premium will follow. Protests over controversial law push millions into the streets of Hong Kong Bitcoin […]

Hong Kong is tightening its regulatory grip on cryptocurrency exchanges and related businesses by bringing them under the purview of the Securities and Futures Commission (SFC), as reported by Asia Nikkei Review on Dec. 17. Crypto-Financial Center While part of Chinese territory, Hong Kong follow a different judicial approach to the Mainland. The treatment has resulted […]

Hong Kong unveiled a new set of regulations aimed at governing the local cryptocurrency trading and funding market in a move that seeks to improve investor protection and the city’s status as a premier financial hub. Accredited Investors Only As reported by the South China Morning Post on Nov. 1, Hong Kong’s Securities and Futures […]

The cryptocurrency exchange sector in Hong Kong may soon see an upheaval, as the city’s Securities and Futures Commission (SFC) explores various aspects of regulating the myriad of cryptocurrency trading bourses operating in the city, reported South China Morning Post on Oct. 15. Hong Kong Exploring Digital Assets Outgoing chairman Carlson Tong Ka-Shing cites investor […]

A leading Hong Kong jeweler will utilize blockchain technology to sell diamonds and other precious gems to customers, according to the South China Morning Post. Hong Kong Businesses Deploy Blockchain Chow Tai Fook, a Hong Kong-based jewelry retailer with locations in China, Vietnam and Singapore, has partnered with Everledger, a blockchain solutions provider, to promote transparency […]

The world’s major financial cities are waking up to blockchain’s disruptive potential, and while some are drafting regulations and consulting legal experts, cities like Hong Kong are making significant moves. Hong Kong’s Blockchain Push On Aug. 28, the Hong Kong government added distributed ledger technologies (DLT) to its list of “Quality Migrant Admission Scheme” (QMAS), […]

The Singapore-based cryptocurrency exchange Huobi is facilitating a majority shareholder takeover of a Hong Kong-listed company, which could see Huobi go public based on regulatory approval. Huobi Going Public? As noted by HKEX News, Pantronics Holdings, a Hong Kong Stock Exchange (HKEX) listed investment fund focusing on electronics, is transferring over 221 million of its […]