Hong Kong lawmaker calls for crypto acceleration after U.S. crypto czar press conference
Hong Kong legislator Johnny Ng urges regulators to accelerate pro-crypto initiatives in the region after U.S. crypto czar David Sacks’ press conference. In a recent post, Ng emphasizes the importance of the press conference conducted by U.S. AI and crypto czar David Sacks on Feb. 5 and what it signifies for other countries. He believes […]
HashKey Capital wins regulatory approval to target professional crypto investors in Hong Kong
With its latest approval from Hong Kong’s SFC, HashKey Capital can offer crypto investment strategies to professional investors. HashKey Capital has received approval from Hong Kong‘s Securities and Futures Commission to offer discretionary account management for cryptocurrencies under the existing type 9 license, the firm revealed in a Wednesday blog announcement. The approval means HashKey […]
Hong Kong’s SFC ramps up crypto oversight with new staff
Hong Kong’s SFC is hiring more crypto regulators, aiming to strengthen market surveillance and speed up exchange approvals. Hong Kong is doubling down on its ambition to become a global crypto hub, with its securities regulator proposing an expansion of its crypto oversight team. The city’s Securities and Futures Commission has proposed increasing its staff, […]
Hong Kong SFC grants new licenses to Panthertrade and YAX
The Hong Kong Securities and Futures Commission has issued virtual asset licenses to local crypto exchanges Panthertrade and YAX. Hong Kong financial authorities have updated their list of virtual asset trading platforms that have received an operating license from the SFC. Two Hong Kong-based crypto trading platforms, Panthertrade Hong Kong Limited and YAX Hong Kong […]
Hong Kong’s Gen Z prefers Bitcoin over property, survey reveals
A survey by Hong Kong’s brokerage firm Futu reveals that Gen Z is highly optimistic about crypto, seeing three times more potential in Bitcoin than in real estate. A new survey by Hong Kong brokerage firm Futu Securities shows that Gen Z is rewriting the financial playbook. Instead of chasing the traditional dream of homeownership, […]
Hong Kong construction firm Ming Shing invests $47m in Bitcoin to boost liquidity
Hong Kong-based Ming Shing Group has invested $47 million in Bitcoin, acquiring 500 BTC as a short-term strategy to enhance liquidity and asset value. Public construction firm Ming Shing Group has joined the list of non-tech companies diversifying into cryptocurrency, investing $47 million in Bitcoin (BTC) to enhance liquidity and boost asset value. In a […]
Crypto-friendly ZA Bank considers opening physical branches in Hong Kong: report
ZA Bank, a digital neobank offering crypto trading, is reportedly considering physical branches in Hong Kong following new HKMA rules. Hong Kong‘s digital banks are exploring the possibility of opening physical branches as the local regulator introduced new rules allowing them to do so, the South China Morning Post has learned. According to the report, […]
China’s central bank spotlights Hong Kong’s crypto licensing system in new report
The People’s Bank of China highlights Hong Kong’s active crypto licensing, as well as the prominence of cryptocurrency as an emerging trend in several countries in its recent Financial Stability report. In an excerpt from the Financial Stability Report 2024, China’s central bank the progress of cryptocurrency compliance in Hong Kong. The report acknowledged how […]
Hong Kong lawmaker wants to add Bitcoin to national reserves to boost financial security
Hong Kong legislator Wu Jiexhuang suggested the region should start adding Bitcoin to its national reserves as a way to boost financial security. According to the local newspaper Wen Wei Po, Wu said Hong Kong regulators should study the impact of U.S-issued Bitcoin exchange-traded funds on the market as a starting point before they decide […]
Hong Kong legislator proposes adding Bitcoin to national reserves
A Hong Kong legislator has proposed leveraging the “one country, two systems” framework to add Bitcoin to its national reserve for financial stability. Source link
