Hong Kong

March 02, 2024

Don’t rule out algorithmic stablecoins, Crypto Council tells Hong Kong

The Crypto Council for Innovation (CCI) submitted a comment on the proposed stablecoin regulatory regime in Hong Kong on the last day of the comment period. […]
February 29, 2024

Hong Kong allocates $383 million for Cyberport AI scheme

The Hong Kong government has decided to allocate $3 billion Hong Kong dollars ($383 million) to its Cyberport business park as part of a three-year artificial […]
January 29, 2024

Hong Kong SFC receives first spot Bitcoin ETF application

The Hong Kong Securities and Futures Commission (SFC) is reportedly processing its first application for a spot Bitcoin exchange-traded fund (ETF), following the recent approval of […]
December 27, 2023

Hong Kong to oblige stablecoin issuers to obtain license – consultation paper

The criteria for obtaining an HKMA license will include full backing of all circulating stablecoins with reserves “at least equal to the par value.”   Hong […]
December 22, 2023

Hong Kong’s financial regulator opens door for spot crypto ETFs

Hong Kong’s Securities and Futures Commission said cryptocurrency transactions conducted by ETFs must occur through SFC-licensed crypto platforms or authorized financial institutions.   Hong Kong is […]
October 10, 2023

Binance users in Hong Kong lose $450K in wave of fraud texts: HK police

Hong Kong police have issued a warning concerning a recent Binance phishing scam targeting Hong Kong users of the platform.   The rising spate of cybercrimes […]
August 28, 2023

‘Breakthrough growth’ will be driven by Web3: Hong Kong financial secretary

Paul Chan says that blockchain and Web3 tech will be responsible for the next big wave of growth in Hong Kong’s digital tech sector.   Paul […]
July 27, 2023

Hong Kong and Saudi Arabia collaborate on tokens and payments

The Saudi Central Bank warned in 2019 that Bitcoin is “not recognized by legal entities” but hasn’t made many statements on crypto since.   The Kingdom […]
July 04, 2023

US crypto regulatory uncertainty could be Hong Kong’s gain – Yat Siu

Animoca Brands founder Yat Siu believes Hong Kong’s efforts to foster the Web3 ecosystem are in stark contrast to regulatory uncertainty hampering development in the United […]

Get $200 Free Bitcoins every hour! No Deposit No Credit Card required. Sign Up