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 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 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, […]
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
Hong Kong looks to speed up crypto regulation amid rising sector demands
Hong Kong is exploring ways to expedite updates to its crypto regulations in response to the fast-growing global sector. The fast growth of the crypto sector is pushing Hong Kong to reconsider its regulations, with talks focused on speeding up changes to meet growing industry needs. A proposal raised in the Legislative Council on Dec. […]
Hong Kong gaming firm swaps $49M Ether in treasury for Bitcoin
With the latest acquisition, Boyaa Interactive has 3,183 Bitcoin in its stash, up from 2,635 at the end of September. Source link
Binance entity HKVAEX withdraws Hong Kong license application post-deadline
Apart from HKVAEX, three more virtual asset trading platforms have previously withdrawn their operational license applications in 2024 from Hong Kong for reasons that were not made public. Source link
