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’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, […]
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’s HKMA warns against overseas crypto firms posing as banks
The Hong Kong Monetary Authority cautions the public on overseas crypto firms falsely claiming to be banks, urging caution as such claims may violate local banking laws. Hong Kong‘s financial regulator, the Hong Kong Monetary Authority, warning against overseas crypto firms misrepresenting themselves as licensed banks in a Nov. 15 press release, saying such firms […]
